BUSINESS HIGHLIGHTS
Founded in 1978, the Company sells decorative plumbing fixtures and related hardware and accessories to homeowners, designers, plumbers, and contractors. Products sold are primarily for the bathroom (about 75%) as well as kitchen (25%). The Company’s showroom presents the area’s largest variety of styles, products, and price points, backed by staff’s superior product knowledge and service level. From inspiration to creation, the Company walks clients through the entire design and selection process. About 75% of the showroom displays bathroom-related products. For bathrooms, the Company does everything except tile.

INVESTMENT APPEAL
• Superior Name and Reputation: The Company has built and maintained a superior name and reputation within its customer and geographic markets. The Company is known for its high-end bathroom and kitchen decorative plumbing fixtures and related hardware, great brands, technical knowledge, and superior customer service from idea conception to delivery.

• Strong Supplier Relationships, Brand-Name Products: The Company’s diversified supplier base provides it a reliable source of premier products that are in demand from the Company’s client base.

• Strong Client Relationships: The Company has many strong and longstanding customer relationships (from homeowners to designers, plumbers, and contractors) as well as a high rate of repeat, referral, and word-of-mouth business.

• Diversified Customer Base: No single customer accounted for more than 2% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.

• Strong Net Working Capital: The Company’s current ratio was 2.1 at December 31, 2024. Rates above 1.0 generally indicate strength in a firm’s ability to meet short-term obligations.