Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / DFS acquires fellow sofa retailer

DFS acquires fellow sofa retailer

Thu, 03 Aug 2017 | BUSINESS SALE

The UK furniture retailer DFS has made a deal to acquire Sofology for an initial enterprise value of £25m on a debt-free, cash-free basis that will be payable upon completion.

Sofology is a private equity-backed specialist sofa retailer with a UK network of 37 stores. The company reported revenue of £143m last year, as well as a loss of £2.7m with statutory loss before tax of £8.9m over the same period. This was in part caused by the exchange rates on costs and the disruption following a Sofology rebrand.

Previously, the Business Growth Fund previously invested £10m into Sofology in March 2016 for a minority interest to support the company's UK expansion plans.

Ian Filby, chief executive of the Doncaster-headquartered DFS Furniture, said: "While the UK furniture retail market continues to be very challenging, we remain focused on making strategic progress to strengthen our position in living room furniture.

"This acquisition represents a clear opportunity for DFS to accelerate our proven strategy of broadening our appeal, generating substantial long-term returns for shareholders underpinned by well-understood synergies.

He went on to praise Sofology's unique market position and the excellent management by its team, who he says he looks forward to working with in the future.

Find a retail business for sale
Subscribe to the Business Sale Report


Share this article



Latest Businesses for Sale

Provider Of Experiential Leadership & Development Training
UK Wide

The company has designed and developed a wide range of specialist training programmes, which can be delivered on-site or online. Operates from several strategically located, purpose-built training facilities, designed to support memorable learning ex...

Asking Price: Offers Invited
Turnover: £1,065,000

LEASEHOLD


E-Commerce Retailer Of Home Storage Products
UK Wide

Long established and highly profitable on-line retailer of premium quality rattan/wicker home furniture/storage products. Established as one of the country's leading suppliers of a large range of rattan products for the modern home. The products are...

Asking Price: £350,000
Turnover: £700,000

RELOCATABLE


Online Retailer Specialising In Garden Machinery
UK Wide, North West

The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

 
23
 
Feb
 

Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS

After a winter spent almost entirely in lockdown, the govern...

 
22
 
Feb
 

Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE

Modular Group Investments has acquired Barnsley-based window...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
Aug
 

DFS agrees sale of The Sofa Workshop to Halo Furnishings | BUSINESS SALE

Furniture retailer DFS has agreed a deal to sell its subsidi...

 
11
 
Jun
 

Upholstery chain falls into administration | ADMINISTRATION

Fabb Sofas, the furniture retailer founded in 2016 by billio...

 
22
 
Aug
 

DFS ties up with struggling Dwell to expand its range of customers | BUSINESS SALE

Furniture retailer DFS has purchased furnishings brand Dwell...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.