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Domestic, bar and restaurant furniture

Reference
S7829
Turnover
£5m to £10m
Sector(s)
Food & drink, Hotels & restaurants, Leisure, Retail & wholesale, Tourism
Region(s)
East Midlands, West Midlands
Added
17 June 2021

Business description

The business is based in the Midlands and operates from a rented premises that doubles up as a Warehouse and Showroom.  

There is a strong management team in place that are mainly left to run the business with the directors mainly overseeing operations.  

The 2020 actual figures were unsurprisingly impacted by COVID with the business closing for a period of 6 weeks when the pandemic first struck.  Results since reopening have been fantastic as shown by the figures through to May 2021 which have already matched FY2020 in terms of profit.

Highlights

  • Offers sought for entire share capital on cash free debt free basis
  • Retirement sale
  • Rented property
  • Run rate turnover in excess of £6.5m
  • Run rate EBITDA in excess of £1.2m
  • Strong management team in place

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2010 (Actual) 0 0
2018 (Actual) 5,384 748
2019 (Actual) 5,160 499
2020 (Actual) 4,780 752
2021 (Forecast) 6,589 1,239

The 2021 Forecast figures above have been calculated based on an extrapolation of the May 2021 management accounts.  Those 8 month results showed turnover of £4.4m and EBITDA of £826k.  

The 2020 results were positive for the business despite closing for a 6 week period at the start of the Covid-19 pandemic.  

Reason for sale

Retirement sale

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