LEASEHOLD FLORISTS SYSTON LEICESTERSHIRE
Price:
Leasehold - £48,000
Location:
Leicestershire , Syston, Leicester
Business Type:
Retail businesses
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 £80,000 with a net profit of £0 due to excessive staffing. (See financial summary below).
- A business with great potential which has not been exploited because the owner has other business interests.
- An easily run operation.
- Good loyal well trained and qualified staff staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides quality florists with an Interflora agency as well as gifts, chocolates, and balloons.
- One of the leading performers for Interflora.
- A 200 or so strong database of clients.
- A computerized reminder service for anniversaries and birthdays.
History
Phoenix Business Transfer Agents are delighted to place onto the market this high quality Florist which has been established since 1992. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides quality florists with an Interflora agency as well as gifts, chocolates, and balloons.
Staffing
The concern employs 2 staff that work 30 and 18 hours respectively. They are both very well qualified and the annual wages are £17,316 pa.
Owners Role
The owner is involved in the day to day running of the business on a full time basis.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known. There is an email service for clients.
Competition
There is no local competition.
Market
The client base consists of regular clients as well as some one off work and the occasional corporate client.
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.
• Marketing to the corporate clients including hair salons, and at wedding fairs.
• Increasing the product line to include more products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 25ft x 18 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out. There are displays both inside and outside of the shop.
To the rear is a store and preparation area. There are a toilet and staff facilities.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £7,000.
Financial Details
The present annual turnover is £80,000 with a gross profit of 50% and a net profit of £0. The wages are £17,316 pa. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 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.
- Situated in town centre area of Syston in Leicestershire.
- Prominent location on main arterial road
- Part of the large and busy shopping area.
- Excellent parking facilities opposite.
- Industrial estates nearby
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
- Leicester lies close by.
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.
- Near to the local post office.
- Services lots of the surrounding villages.
- There is an undertaker down the road.
The original length of the lease was 6 years with 2.5 years remaining. The rent is £7,500 pa with a review in 2.5 years. The lease may be renewable or negotiable for longer term if required. The rates are £0.
Monday, Tuesday, Thursday and Friday: 8.30 am – 5 pm
Wednesday: 8.30 am – 1 pm
Saturday: 9 am – 1
North Yorkshire
£ 750,000
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