This sale comprises two businesses – a furniture maker and a distributor of European-sourced furniture. Together, they enjoy great success selling to B2B markets and there are many opportunities to increase their ranges, audiences and profits.
Based in a factory premises in Yorkshire, the primary business makes furniture on-site for a B2B audience that includes healthcare, student accommodation and the hospitality industry. A second business sources furniture components from European partners and despatches it to the contract market.
The businesses benefit from a reliable and growing customer base that is increasingly demanding products from UK suppliers, providing a superb opportunity to capture greater market share.
By the current directors’ admission, the businesses have suffered from underinvestment for some time. A cash injection would enable them to seize many new opportunities, such as manufacturing a wider range of products, selling direct to B2C consumers to increase margins, and growing visibility through marketing.
These businesses would be a great fit for a specifier, or a manufacturer of similar or complementary products who wishes to increase production.
Highlights -
Two businesses with distinct markets (B2B businesses and upholstery manufacturers)
Strong USPs: own manufacturing facilities help to provide a flexible approach to customer requirements and timeframes
Solid customer base of repeat B2B clients
Opportunities -
Increasing the range of products to grow profits
Selling directly to B2C to increase profit margins
Building a marketing strategy to increase reach and sales
One director wishes to stay on, which would help ensure an orderly transfer of operations to new owners.
Financial Profile
Turnover IRO - £3.2m in 2023.
100% share sale
Prospective purchasers will be required to sign an NDA
