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Finance And Services:

Business For Sale. Supplier Of Medical Equipment Cleaning Chemicals

LISTING DETAILS
Firms For Sale ID:
34804
Vendor reference:
CQ198
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£350,000  
Turnover / revenue:
£219,000
Net profit / cashflow:
Undisclosed
Years established:
33
Trading hours:
The business currently operates Monday to Friday and usual office hours of 9:00am to 6:00pm.
Number of employees:
3
Employees / staffing:
The vendor works in the business on a part time basis and has been coaching the management team with the result that this team has taken more and more of these duties on as time has progressed. As well as the vendor, the business also employs 3x Sales and Admin staff.

OTHER DETAILS
Reason for selling:
The owner is planning their exit strategy due to retirement.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. One/both may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a small office, ideally located in a busy Hertfordshire Town which is rented on a 3 month rolling arrangement. The premise offer excellent value for money and are located in a fabulous semi rural location, very close and in easy access of A roads and nearby M25. We are advised rent, rates and water are circa GBP 13,000 p.a. per annum.
 
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BUSINESS DESCRIPTION
Specialist Supplier of Medical Equipment Cleaning Chemicals
Strong NHS relationships
Ref. CQ198
Location : Hertfordshire
Asking Price : GBP 350,000
Set up more than 33 years ago this very well established and reputable business provides a crucial and essential range of niche chemicals products to hospitals and surgical units in the healthcare sector, with direct relationships in the UK and some international customers provided to through trusted resellers.
The company specialises in the formulation, and supply of specialist high quality chemical formulations for the washing and disinfection of reusable surgical instrumentation which includes flexible fibreoptic endoscopes and Transoesophageal Echocardiography probes (TOE), laboratory glassware and peripherals. The company has the facility to supply both large and small batches.
The business has been developed over time and is very well known in the sector by manufacturers, agents, resellers and surgical healthcare providers throughout the UK.
The companys range of high quality chemicals are absolutely compatible for use in the latest washer disinfectors and AER equipment installed in the Sterile Services environment; and also has a range of chemical formulations that can be used in Ultrasonic cleaning systems as well as the manual & soak cleaning of heavily soiled surgical instrumentation.
The business has designed and developed many products that are the results of solving complex technical problems for its customers and retains significant strategic assets such as formulations manufacturing arrangements and distribution of the chemicals.
From first contact to completion the onus is geared towards complete customer satisfaction.
The business is committed to ensuring manufacture is to the required standards of excellence, (no cleaning capability means no operation at hospitals) as you would expect from a company supplying to customers with such health critical requirements.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.

It is an ideal add-on business to anyone currently selling into the central sterile supply and the endoscopy cleaning departments. There are strong synergies, not least incremental profits with little extra investment cost and immediate acceptance from customers.

It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as its proprietary designs and products consistently find new customers within the NHS in the UK and around the world in health markets. Current market penetration in the UK is London and the Eastern Counties with the rest of the NHS UK market as potential for growth.

Perhaps the single greatest limiting factor to growth is that the current owner has managed this business on an almost part time basis since 2002 and it is believed that a new owner with a pro-active approach could achieve a fourfold increase in turnover along with retained margin.

The company has relationships with UK and overseas agents, with a little proactive effort this could be increased and it is believed would yield excellent results.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a basic yet informative website but does very little in the way of proactive marketing. In saying that the website ranks highly on Google for explicit searches for the specialised products that the company manufactures.