Acquisition Opportunity | Project Cook
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a company specialising in designing and supplying premium kitchens.
Overview
Well established business located in the North providing premium kitchens for a variety of individual customers across the UK.
A market leader in both the design and supply of quality kitchens, using the highest quality materials. The business demonstrates an efficient process and professional approach.
Key features
- Turnover of £2.89m in the Year Ending 31 December 2023.
- Currently engaged on 32 live projects, from design, supply and installation of kitchens.
- Experienced workforce, comprising twelve employees, including the two directors.
- Boasts a well-spread customer base.
- Leasehold premises, conveniently located, with good transport access.
Assets for sale
- Goodwill
- Tangible assets, comprising office equipment, computer equipment, fixtures and fittings
- Work in progress
- Three vehicles (subject to finance)
- Customer list and order book
- Website
Summary financial information
| £ | FY23 Mgt Accounts | FY22 Statutory Accounts | FY21 Statutory Accounts |
|---|---|---|---|
| Income statement | |||
| Turnover | 2,897,710 | 2,530,273 | 1,672,728 |
| EBITDA | 415,085 | 158,952 | 81,041 |
| Statement of financial position | |||
| Fixed assets | 483,686 | 123,124 | 94,476 |
| Net current assets | 188,439 | 1,088,545 | 1,053,093 |
| Net assets | 554,117 | 501,124 | 578,831 |
Process
Further information can be obtained from KBL Advisory Limited on completion of a standard non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Monday 5 February 2024, with a view to completing a transaction as soon as possible thereafter.
We reserve the right to close the bidding process early or extend the deadline for indicative offers without liability or advanced notice.
All correspondence in relation to this opportunity should be directed to KBL Advisory staff as follows:
Lauren Gage / Amy Lowden
KBL Advisory Limited
Tel: 0161 637 8100
Email: Lauren.Gage@kbl-advisory.com / Amy@kbl-advisory.com