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Deal Opportunities.co.uk

the UK marketplace for company sales

Micro-fibre cleaning products

Reference
S7441
Turnover
£1m to £2m
Sector(s)
Business services, Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
20 January 2021

Business description

The company specialises in the import and distribution of a wide selection of micro-fibre cleaning products.

The comprehensive product range includes, but is not limited to, cloths, mops, towels and cleaning mitts.

Having built a respected and successful company, our clients are now offering the business for sale due to the retirement plans of the majority shareholder.

Offers invited.

Highlights

  • Works on an international basis, with customers across multiple sectors, such as the marine and automotive industries. 
  • Currently operates with over 10,000 active customers, 70% of whom provide reliable, repeat business on an ongoing basis. 
  • Benefits from an efficient and skilled workforce. 
  • Multiple opportunities for continued growth, such as diversifying the product range to expand into additional markets. 
  • Has built an excellent reputation and is held in high regard for the quality and reliability of its offering. 
  • Operates from leasehold premises.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,200 472
2019 (Actual) 1,192 377
2020 (Actual) 1,334 410
2021 (Actual) 1,300 482
  • YE20 turnover of £1.3m, with an adjusted EBITDA of £410k.
  • Gross profit margin of 44%. 
  • Has shown a 12% increase in turnover since YE17.

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