EXCLUSIVE FLORIST IN BEDFORDSHIRE
Price:
Leasehold - £70,000
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- Ideally located concern.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £125,000 with a net profit of £20,787 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this exclusive florist which has been established since 1998. The business has been in the hands of the current owner since 2008 and she now wishes to sell due to family commitments.
Services
This very good business opportunity provides floristry from the retail premises as well as local hotels, nearby stately home and many functions. Delivery service is also supplied to commercial customers and private functions.
Staffing
The concern employs six staff. One Full time manger and five are part time. The total wage bill is £43,357. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and she works 4/5 days per week..
Marketing
The owner markets the business in various magazines including Wedding Planner, local lifestyle publications and has a website. The owner also attends various wedding exhibitions during the year.
Competition
As far as competition is concerned there is none in the immediate area.
Market
The client base consists of the local stately home, hotels, wedding venues and local residents.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, and further internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Target more commercial contracts.
• With an enhanced website.
Training and Handover
The owner would be available for a handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced, part of a parade of shops and is approximately 1,300 sq ft with a basement. The front is branded with an attractive glass front. The main customer service is rustic wood with display areas to the walls. It is very well presented and is very conveniently laid out.
To the rear there is a preparation room. There is a toilet and staff facilities.
External
To the rear there is a shed which is currently used for storage.
Parking space available for 1 vehicle.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £4,000.
Financial Details
The present turnover is £126,714 per year with a gross profit of £68,738. The present value of the stock is approximately £9,000.
The potential turnover of the business within the next 2 years is forecast to reach £195,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
- Situated in picturesque village of Bedfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Parking facilities nearby.
- Surrounded by populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Good volumes of traffic and pedestrian flow.
- Well linked with all major routes.
The original length of the lease was 7 years with 5 years remaining. The rent is £17,000 pa with a review in 2011. The lease may be renewable or negotiable for longer term if required. The rates are £4,656.00
Monday and Saturday: 9 am to 4 pm.
Tuesday to Friday: 9 am to 5pm.
Sunday: Closed.
North Yorkshire
£ 750,000
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