A PROMINENT DISCOUNT RETAILER, OPERATING FROM SEVERAL STORES ACROSS SOUTH EAST ENGLAND

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.