Operating in the region for over 40 years, this business is well-established in the region with a close relationship to the local economy and suppliers. Turnover is split with DIY, Household and paint products with these accounting a third of turnover. Online ordering capabilities have allowed the business to expand its sales beyond the North West.
The business offer a wide range of home and garden supplies to clients across the region. The business’ clientele tend to originate from the domestic market at c.95% with commercial clients accounting for the remaining c.5%.
The company has a second-tier management structure in place consisting of Shop Floor Manager, HR Manager and Social Media Manager who could inherit our client’s responsibilities post-completion. This opportunity includes a store and an off-site storage facility, both offered as a freehold opportunity.
Project Picasso has a history of strong financial performance and currently has a turnover of £1.9m for year end 2023, with an Adjusted EBITDA in excess of £320k for year end 2023.
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