ACQUISITION OPPORTUNITY – Project Vintage
Fourth generation professional auctioneers and valuers
An opportunity exists to acquire the business and/or assets of a company specialising in the online retail of furniture, bedding and lighting.
Overview
Project Vintage is a well-established furniture company based in the North East, specialising in stylish, chick, French and mirror furniture along with chandeliers. Each piece of furniture allowed for a wide range range of style so any individual could construct their home furniture to reflect on their own individual style and aspirations. The company also provides contemporary furniture including a wide range for your bedroom, dining room and lounge with a wide selection of mirrors.
The Company operates solely online and as such there is no showroom, the sales team are highly trained, experienced and dedicated. They provide an experience to customers that reflected the quality of furniture that was being sold to them.
Project Vintage has cultivated long-standing partnerships within the industry after trading for over a decade, underpinned by a commercially focused approach, and a strong reputation within the sector.
The Company was able to obtain a niche but prominent customer base with word of mouth allowing the company to generate recurring revenue.
Key Features
- Turnover of £7.4m in the year to 31 May 2024
- Strong performing e-commerce website
- Experienced workforce comprising 25 members of staff
- Operates from a leasehold premises in the North East
Assets for Sale
- Goodwill
- Tangible assets comprising of plant and machinery, office equipment, stock, fixtures and fittings and motor vehicles
- E-commerce website
- Intellectual Property and trademarks
Summary of Financial Information
| £’000 | FY23 Statutory Accounts | FY24 Statutory Accounts | FY25 Management Accounts (June-Feb) |
| Income Statement | |||
| Turnover | 7,063 | 7,472 | 4,768 |
| Gross Profit | 3,925 | 4,344 | 2,654 |
| Net Profit / (Loss) | 166 | (200) | (444) |
| Statement of financial position | |||
| Fixed Assets | 236 | 204 | 203 |
| Current Asset | 2,436 | 2,007 | 2,406 |
| Net Assets | 636 | 250 | (1) |
Process
Further information can be obtained from KBL Advisory on completion of a standard non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Tuesday 20th May 2025, 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 as follows:
Freddie Pass
KBL Advisory Limited
Tel: 0161 637 8100
Email: freddie.pass@kbl-advisory.com
OR
Alex Trust
KBL Advisory Limited
Tel: 0161 637 8100
Email: alex.t@kbl-advisory.com