Hilco is delighted to offer for sale the business and assets of Project Saxon an Independent Tool and Building Products Supplier selling to the building trade, local authorities, industrial market and general public. The business offers an excellent opportunity either as a standalone company or as a bolt on to an established organisation operating in the sector.
The salient details on the business are as follows:
- Well-known and long-established business offering an extensive range of power tools, hand tools, building products and fixings
- Operating in East England from a main head office warehouse with two additional satellite depots
- Separate Southern division trading from a further depot suppling workwear and PPE
- Extensive product range extending to c.10,000 SKUs
- Over 1,000 trade accounts with significant repeat business
- Excellent customer satisfaction ratings and reviews on Amazon and Reviews.io
- Experienced and knowledgeable workforce of approx.50 employees
- Turnover for year ended 31st December 2022 c.£10m with a gross profit of approx. 27%
Business Assets
Available assets include:
- Intellectual Property Assets – the established brand name, copyright in the website content, domain names, customer databases and trade accounts
- Stock of Tools and Building Products – comprising a wide range of branded products
- Leasehold Properties – the four fully equipped leasehold depots
- Goodwill – the valuable goodwill attaching to the business
Sale Process
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
