Online retailer sofa.com has posted a 20 per cent sales rise for the 12 months to 28 February 2014 as it prepared a potential sale.
The retailer, founded eight years ago by entrepreneurs Rohan Blacker and Pat Reeves, has hired investment bank Altium Capital to advise on a possible sale to a private equity firm.
Adjusted EBITDA rose 48 per cent to £5.3m from £3.6m in 2013.
Gareth Williams, sofa.com‘s CEO said the sofa industry would have to continue to evolve to meet customer expectations of online shopping.
He said: “The strength of our brand and scalable and adaptable business model ensure that we are well positioned for future profitable growth.”
The online retailer, which has a showroom in Chelsea, said it was well placed to benefit as an omni-channel retailer as consumers‘ retail habits continue to evolve.