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Home furnishings

Reference
S8124
Turnover
£1m to £2m
Sector(s)
Retail & wholesale
Region(s)
East Midlands, London, South East England, UK Wide
Added
11 October 2021

Business description

  • With stores in highly desirable areas of the South-East, the company has always focussed on the high-end, luxury segment - consistently making Gross Margins of 70%
  • The Company offers made-to-measure curtains, bespoke blinds and soft furnishings, carving out a niche in an industry dominated by larger corporate entities. 
  • The Company focusses on offering a higher level of personal service, shorter lead times and a more focussed range of product than their competitors, with an emphasis on motorisation and home automation.
  • The Company has cut back the number of retail outlets they have open since 2018, leaving only their core, most profitable stores remaining. 
  • During the Covid period, the company  adapted by offering customers video consultations direct from the showrooms for design advice and measuring.They also created a facility for their website, where customers can choose designs they like from a bank of professional photographs, and send to The Company’s designer.
  • These measures have expanded their service nationally, so any new owner could grow the business by focussing on the online offering, serving more customers through this channel and adding functionality. 
  • The reason for sale is retirement, although the owners are willing to offer a handover period to the new buyers

Highlights

  • The business has been well-run, stable and consistently profitable, generating between £1.75m and £2.5m in revenue on an annual basis for the past 3 years, and between £217k - £422k adjusted EBITDA
  • The balance sheet for this business is extremely strong, so the business is offered on a debt-free, cash-free basis. 

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2010 (Actual) 0 0
2018 (Actual) 2,516 363
2019 (Actual) 1,970 218
2020 (Actual) 1,728 422
2021 (Forecast) 1,943 550
  • The business has been well-run, stable and consistently profitable, generating between £1.75m and £2.5m in revenue on an annual basis for the past 3 years, and between £217k - £422k adjusted EBITDA. 
  • The balance sheet for this business is extremely strong, so the business is offered on a debt-free, cash-free basis. 

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