Retails premium furniture, home accessories, & flooring, via several showrooms across the UK, as well as e-commerce sites.
A clear strategic roadmap is in place to drive growth over the next three years, including securing £1.5m growth funding to support the opening of a new showroom. The company is open to strategic partnerships that provide synergies in retail expansion, marketing, e-commerce, or property opportunities.
Key Aspects
• Comprehensive product range offers a one-stop shop for home furnishing needs, providing high-quality furniture, flooring, accessories, & interior design services, which sets the company apart from competitors.
• With showrooms in key locations & a successful e-commerce operation, the company has established a robust market presence that supports its ongoing growth & expansion plans.
• The current order book stands at £4.86m, reflecting a strong pipeline of sales & consistent demand for products.
• Benefits from long-standing relationships with suppliers & favourable rates, allowing for efficient operations & the ability to adapt to changing market trends.
• Both shareholders plan to stay with the company post-sale to guide the next phase of its development.
Opportunities
• Intends to expand its footprint & increase market share by opening a new showroom, which has already been identified, matching the high standards of its most recently opened, premium showroom.
• Further growth can be achieved by exploring additional showroom locations, particularly in key retail parks or high-traffic areas.
• Recently established an in-house interior design service & opened an interior design studio, creating additional revenue streams & reinforcing the company’s reputation as a premium provider of home furnishing.
• Established a new marketing agency partnership to improve brand awareness & attract younger demographics, expanding its customer base.
• Enhancing e-commerce operations through the planned launch of new websites to boost online sales & reach a broader audience.
• Investing in targeted digital marketing & pay-per-click strategies to increase online visibility & drive more traffic to websites.
• Recently invested in a 'Retail Performance Framework' which has the potential to generate benefits to sales and gross profits comparable to opening a new showroom.
Potential Purchasers
• Physical & e-commerce retailers of furniture, home accessories and flooring.
• Manufacturers/Suppliers/ Installers of furniture.
• Acquisitive interior design services that may wish to bring luxury furniture offerings in-house.
• E-commerce/Marketing/Property-related investors.
• Private equity houses and venture capitalists in the above sectors.
