Established in 2005, the company is a well-established and lucrative bathroom showroom and installation business that has achieved some impressive financial milestones over the past few years. The business prides itself on its personal and independent service, and throughout its 17 year history, it has gained a loyal customer base, as well as uniformly positive reviews on platforms such as Google.
Catering to the home-improvement market, the business offers a start-to-finish turnkey installation service in bathroom installations and renovations, inclusive of plumbing and electrical work, tiling, carpentry and plastering, and it sells bathroom furniture on a supply-only basis for DIY-minded customers.
The business has a lot to offer the prospective buyer: the home-improvement market has been remarkably buoyant, with turnover for 2023 forecasted at £1m. The business benefits from an established customer base and a knowledgeable management team. The sale also includes vehicles plus SAV.
Looking to the future, the current owner has advised that there are considerable opportunities for growth: investing in the business’ marketing, expanding into other products and services such as kitchen installations, and venturing into online sales are all strategies that could fuel further growth.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 748,217 | 129,789 |
| 2022 (Actual) | 962,911 | 165,734 |
| 2023 (Forecast) | 1,012,620 | 150,678 |
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