Leasehold Florist with Great Potential for Sale

Price:

Leasehold - £28,000

Turnover:

Seller Ref:

2048

Location:

Essex , shoebryness, Southend on Sea

Business Type:

Retail businesses

See Other:

Florists for sale in Essex
Retail businesses for sale in Essex

Description:

THE BUSINESS:

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £120000.00 with a net profit of £10000.00 (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with no local competition.
- Business enjoys superb local reputation
- The concern provides florist and delivery service with commercial contracts with 3 care homes and 6 schools.

History
Phoenix Business Transfer Agents are delighted to place onto the market Florist which has been established since 1993. The business has been in the hands of the current owner since 2009 and now wishes to sell due to the workload and spending more time with family.

Services
This very good business opportunity provides florist and delivery service with commercial contracts with 3 care homes and 6 schools.

Staffing
The concern employs 1 Full Time Staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in Local Church Magazines .

Competition
There is no local competition.

Market
The client base consists of Locals Passing Trade and some commercial contracts.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sundays.
• Increasing the product line to include Complimentary stock Items.
• Increase Contract Customers
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and 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.

The present annual turnover is £120000.00 with a gross profit of 55% and a net profit of £10000.00. The wages are £20000.00. The present value of the stock is £800.00
The potential turnover of the business within the next 2 years is forecast to reach £200000.00 pa 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.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Location Details:

- Situated in Shoebryness area of Southend on Sea in Essex. - Prominent location on main arterial road - Part of a parade of shops with - Excellent parking facilities to front. - Industrial estates nearby - Surrounded by densely well populated residential area with schools and other local amenities. - High levels of passing trade - Good volumes of traffic and pedestrian flow - Commercially thriving area. - Well linked with the A127 Arterial Road. - Directly Opposite a Funeral Parlor. - Area enjoying much growth and regeneration. - A lifestyle area - Excellent local demographics for this type of area.

Lease Terms:

The original length of the lease was 3 years with 1 years remaining. The rent is £450.00 pa with a review in1. The lease may be renewable or negotiable for longer term if required. The rates are £520.00.

Trading Hours:

Monday to Saturday 08.15am -5.00pm