Kitchen Retailers for sale in West Midlands

View the "Substantial Premium Regional Kitchen Retailer With Outstanding Showrooms" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Substantial Premium Regional Kitchen Retailer With Outstanding Showrooms

West Midlands, England

  • Leasehold Price: £800,000
  • Annual Turnover: £2,600,000
  • Annual Net Profit: £200,000
Seller Reference: ASCFL/KITRET
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Business Description
 
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Seller Reference: ASCFL/KITRET
Request Details
Business Description
Founded in the 1990s, this substantial business is a significant premium regional kitchen retailer, located in the West Midlands. In addition to two outstanding showrooms, the business also has a significant contracts division.
It provides a complete ‘design through installation’ service for retail clients and also very often for the end user for contract clients, with an emphasis of being sympathetic to the space and features of each proposed site and using only high quality product ranges.
The business employs 14 staff across its sites, with a full management team in place, including an MD who has been with the business for many years and runs it on a day to day basis.
The business has a contemporary website that befits its image and also enjoys a strong social media presence and benefits from 3 or 4 articles a year in major sector ‘national glossies’.
The business has consistently grow organically pre-Covid, latterly achieving sales of £2.6M. Revenues will decline slightly to £2.4M in the current year, as a result of Covid restrictions, but the order book is strong and in the absence of further knock on effects from the pandemic, expects to achieve sales of £2.8M to £2.9M for the year ending Jan 2022 and a sustainable adjusted EBITDA in excess of £200k.
Having retired, the vendor believes that the time is right for new owners to take the business forward and hence it is being marketed for sale. The guide price for 100% shares of the business is £800,000 to include a debt free cash free Balance Sheet with a net asset value expected to be in the region of £100,000.
Tenure:
Leasehold
Location Details:
significant premium regional location
Listed by:
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