Chain of London Based Timber & Builders Merchants

Offer Deadline:

Offers Invited

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Project Pinnacle

Hilco is delighted to offer for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public. The business offers an excellent opportunity, either as a standalone company with scope to scale existing operations, or as a bolt on to an established operator in the sector.

The salient details on the business are as follows:

• Well-known and long-established business offering an extensive range of timber and building materials
• Trading from 6 fully equipped premises in and around London
• Freehold interests of two London properties available
• Extensive product range extending to c.50,000 SKUs
• Substantial customer databases covering both trade and retail customers, including a significant number of trade accounts
• Longstanding and established supplier base for general timber and building materials as well as industry branded products and equipment
• Significant stockholding (cost price £2m+)
• Experienced and skilled workforce of approx. 60 employees
• 12 months turnover to March 24 c. £10.5m pa (gross profit c £3.5m). 2022 turnover c. £16m (gross profit c. £6.7m)

Business Assets 
Available assets include:

• Property Interests – The freehold and leasehold properties
• Stock of Building Products – A wide range of products/brands (cost price in excess of £2m)
• Intellectual Property Assets – the established brand name, copyright in the website content, domain names, customer databases and trade accounts, social media accounts
• Branch Equipment – the fleet of 16 vehicles (10 freely owned), forklifts, racking, office furniture and IT equipment
• Goodwill – the valuable goodwill attaching to the business