OPERATING FROM SEVERAL STORES ACROSS SOUTH EAST ENGLAND
The company is a well-established and prominent discount retailer, operating from 22 strategically located stores based across South East England.
The company has established a prominent position within its region and is well-known as a reliable provider of quality products, benefitting from a high volume of new and repeat custom on a daily basis.
At present, the company offers over 7,000 products, and is committed to delivering services that meet the needs of its local communities, endeavouring to provide the highest possible standard of service at all times.
Our clients are offering the company for sale as they are reviewing their strategic options and believe that a new owner could accelerate further growth of the business.
Key Highlights
- Welcomes over 22,000 customers into its stores on a daily basis and has earned an excellent reputation within its market, with a multitude of excellent reviews.
- Offers an extensive range of high-quality products from leading brands and independent manufacturers, including food, toiletries and homeware.
- Each store is led by an on-site Store Manager, who oversees all operations for their specific store and reports directly back to the company’s head office, which undertakes all administrative and distribution works.
- Strong management structure in place, possessing the skills and expertise required to manage operations on an ongoing basis.
- In addition to its stores, the company utilises a central, 50,000 sq ft management and distribution facility in South East England.
- Significant scope for further geographic expansion across the UK.
Financial Highlights
- Generated a YE23 turnover of £24.6m, with an adjusted EBITDA of £1.2m.
- Forecast to achieve a YE24 turnover of £28.9m and adjusted EBITDA of £1.9m.
- Strong gross profit margins, averaging 38% between YE20 and YE23.
- Holds assets valued in excess of £700k and maintains a consistently high level of stock at all times. At present, the company’s stockholding is valued at £2.1 million.
- No long-term, interest-bearing debt.
