The company supplies a comprehensive range of bathroom fixtures, fittings, furnishings and accessories, along with boilers, radiators, kitchen appliances and general plumbing tools / components.
Catering to retail, wholesale and trade customers, the company has adopted an omni-channel approach to sales, combining a busy trade counter with a wholesale offering, four e-commerce websites and Amazon / eBay platforms.
As part of its comprehensive product range, the company sells its own range of products under two trademarked brands, enabling it to generate generous profit margins for its industry.
The business is being offered for sale due to a change in the shareholders’ personal circumstances.
Offers invited.

Key Highlights

Circa 45.5% of sales are generated from the company’s e-commerce websites, which receive a combined 65,000 visitors per month, with a conversion rate of 1.09%.
Branch and wholesale sales account for 28.5% and 21.2% respectively, with over 250 active trade accounts providing regular, repeat business and some relationships spanning more than 10 years.
Experienced second-tier management team in place with the ability to run the business on a day-to-day basis.
Operates from ideally located leasehold premises, one of which is owned by the shareholders’ SIPP and may be included in the sale on a freehold or rental basis.

Financial Highlights

Turnover of £8.4m, with an adjusted EBITDA of £622k.
Forecast to achieve a turnover of £8.1m in YE23, with an adjusted EBITDA of £800k.
Scope to incorporate property assets valued at £1.2m into the sale