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

2011201220132014201520162017
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
Percentage61%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
Percentage11%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.

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