Manufacturer & Supplier of Custom-Made Blinds For Sale
Reference Number: HFS018
Location: North England
Turnover: £921k
Status: Offers Invited
Click to download Business Summary PDF
Click to download Non Disclosure Agreement
Business Summary
- An outstanding opportunity to acquire a highly successful manufacturer, supplier and installer of custom made blinds.
- Based in the North of England, the company provides a wide range of standard and specialist fabrics and blind styles.
- The company has one of the largest displays of blinds in one of the most well-equipped showrooms in the UK.
- They have a 12,000sq.ft. purpose-designed factory, incorporating the latest manufacturing equipment, located behind the showroom.
- The company supply a wide variety of retail, wholesale and trade customers.
- The company was founded in 1976 and is still a family business which has provided its owners with a constant, stable income.
- The turnover to year end 31st December 2017 was £921,150, with an adjusted EBITDA of £60,332 (7%).
- Retail sales make up the largest proportion of the company’s revenue which at c.25% of total revenue but the company has an average of a further 50 regular trade customers, over 95% of which have been returning customers for 3 years or more.
- Turnover has been consistent in the last 3 years at an average of c.£900k. Average gross margins over the last 3 years is c.60%.
Products and Services
The company provides a free measuring and fitting service and full installation services of their custom made blinds including:-
- Roller Blinds
- Black-out Roller Blinds
- Venetian Blinds
- Vertical Blinds
- Velux Blinds
- Cassette Blinds
- Pleated blinds
- ‘Perfect Fit’ Blinds
- Awnings
Employees
- There are 18 employees divided between the factory, showroom, installation and administration, in addition to the two directors (the vendors).
Premises
- Showroom and offices with an adjacent 12000sq ft factory.
- Rent £37,980 p.a.
- Rates £14580 p.a.
- Current 5 year lease until December 2019
Reason for sale
- One vendor wishes to retire but the other is keen to remain with the business throughout a handover but also for the medium term if this suits the buyer.
Financial overview
| Year ending 31st Dec | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Sales revenue | £834,671 | £803,287 | £894,377 | £911,881 | £892,692 | £922,390 | £921,150 |
| Gross Profit | £508,635 | £495,907 | £528,946 | £581,098 | £520,245 | £555,032 | £546,353 |
| Percentage | 61% | 62% | 59.1% | 63.7% | 58.3% | 60.2% | 59.3% |
| Adjusted EBITDA | £89,345 | £94,823 | £118,381 | £155,681 | £89,732 | £108,815 | £60,332 |
| Percentage | 11% | 12% | 13% | 17% | 10% | 12% | 7% |
Offers InvitedHornblower have requested an independent appraisal of the business proposition looking specifically at the prospect of obtaining finance on a going concern basis and from the information provided opinion is that subject to fulfilment of all conditions, required by a Credit Committee, an appropriate level of finance is likely to be made available.