We are delighted to market this family business, established in 1932, specialises in designing and installing bespoke, high-quality kitchens, offering a comprehensive range of customised solutions. Their diverse portfolio of products includes durable cabinetry and worktops, high-quality kitchen appliances and fixtures, and an extensive offering of quality bathroom and bedroom furniture and equipment. The company provides a broad range of kitchen, bathroom, and bedroom designs, from state-of-the-art contemporary styles to traditional ones, allowing for high levels of customisation to meet individual customer preferences.
With two showrooms in the south Manchester area, the company offers convenient local access and leverages its collective 100 years of kitchen design experience to provide each customer with personalised service and expert guidance. They partner with top-tier suppliers like Keller Kitchens, Sheraton kitchens, Neff appliances, Quooker taps, and Hepplewhite bedroom furniture, ensuring all products are of the highest quality. The company delivers a seamless, end-to-end service experience from initial consultation through planning, design, and installation, including 3D visualisations and virtual walkthroughs to help customers visualise their space before installation.
The business has shown robust financial performance, with an 11% increase in turnover since FY2021 and an average adjusted EBITDA of £127K over the past three years. Effective cost management and diversified revenue streams have contributed to a strong gross profit margin, reinforcing its financial stability and growth potential.
The company has diversified its revenue streams across various sectors, including kitchen installations, consultation services, and bathroom installations. This diversification reduces dependency on any single source of income and enhances overall revenue stability.
Over the past three years, the business has demonstrated consistent revenue growth. Turnover increased from £911K in FYDEC21 to £1,116K in FYDEC22, showcasing the company’s ability to attract clients and deliver value-added services effectively. Although there was a slight dip to £1,007K in FYDEC23, the overall trend remains positive, reflecting the company’s robust market presence.
Despite fluctuations in costs, the business has maintained a healthy gross profit margin. The gross profit percentage increased from 33% in FYDEC21 to 41% in FYDEC23, indicating effective cost management strategies. This demonstrates the company’s ability to control costs while expanding its operations, highlighting its efficiency and financial discipline.
The typical project on-time completion rate is 90%, with an average customer satisfaction rate of 93%. The customer base primarily consists of repeat clients and referrals, accounting for 60%. This business represents a perfect opportunity for a competitor or a business operating in a related field to acquire an industry leader. It is likely to be attractive to management buy-in teams, competitors wishing to increase regional exposure and footfall, and businesses in related sectors seeking an immediate robust regional presence.
The vendors are selling due to retirement but are willing to remain with the business for a period afterward as required to ensure an orderly transition to new management.
