Supplier of Robotic Vacuum Cleaners to Major Facilities Managers

Expressions of Interest By:

Wednesday 15 May 2024, 12 Noon BST



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Project Motion

Hilco is delighted to offer for sale the business and assets of a supplier of robotic vacuum cleaners to major commercial cleaning contractors. The Company was established to help organisations benefit from new developments in robotics and now holds contracts with some of the largest facilities managers operating in the sector. It has also developed its own patented product for storing, transporting, and charging robotic appliances.

Business Overview

  • Innovator of robotic vacuuming and cleaning for commercial premises providing a cost saving against traditional methods
  • Approximately 1,400 vacuum robots deployed under contract in 80 locations in the UK and Spain
  • Autonomous mopping and vacuuming robot for deployment in supermarkets at full trial stage offering significant future prospects
  • Revenue is generated by both direct sales and rental agreements, with a gross margin of 90% on rented assets
  • Patented storage device for transporting and charging robotic appliances
  • Turnover of circa. £340,000 in 2023

Company Assets:

Intellectual Property Assets

  • The patent relating to the robot storage device
  • Trademark held in connection with the vacuum cleaner and unregistered marks relating to the Company name
  • Domain name and copyright in the website content

Existing Contracts and Prospects

  • The existing 22 client contracts and significant supermarket pipeline prospects

Stock

  • The rental and company held stock amounting to c.1,400 vacuum robots

Tangible Assets

  • The IT equipment as owned by the company

Goodwill

  • The goodwill attaching to the business and brand

Sale Process and Further Information

Expressions of interest are required by Wednesday 15 May 2024, 12 Noon BST

On receipt of a signed non-disclosure agreement (NDA), access will be provided to a virtual data room housing additional information. To access the NDA, please click the link, sign and return via email to  apercival@hilcoglobal.eu

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply.  Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Contacts

Myles Hall

Analyst

London Office

+44 (0) 7513 830357

mhall@hilcoglobal.eu

Roland Cramp MRICS

Managing Director

London Office

+44 (0) 7710 152668

rcramp@hilcoglobal.eu