Florists for sale in Coventry

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 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £24,995 Price Reduced Turnover: £60,000
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Business Description
BUSINESS
Hilton Smythe are delighted to welcome to the market this very busy and popular florist business in Coventry, West Midlands.

The business was originally established in 1958 and has been in our client’s careful ownership since 1996. Only now is the business being offered to the market due to our client’s desire to concentrate on other interests. The business operates 6 days per week and generates a turnover in the region of £60,000 per annum, with a good gross profit.

Our client offers a range of high quality flowers for all occasions both locally, nationally and internationally. Our client has experience in both contemporary and traditional designs for any occasion including birthdays, anniversaries and weddings, as well as tributes and sympathy flowers for funerals. The business is also an agent for E florist flower deliveries and are sought after by TV companies and celebrities.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by embarking on a modest marketing campaign to promote the goods and services offered. A new owner could also develop the corporate side of the business to provide workplace flower arrangements etc. There is already a very informative website in place to advertise the business at www.bennzaks.co.uk. Any new owner could also expand the business and trade as a greengrocer as well as a florist, the shop can also sell fruit and veg. The landlord has given permission for this .

The sale includes a number of lucrative contracts including the Heart of England Events and Conference Centre, Jaguar, Akhbans Indian Restaurant, Aqua Food and Mood and the Oceana Restaurant.

We are advised the premises is on a rolling lease, which has security as the landlord has to buy out the vendor to take the property back.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Ben N Zaks Superfresh Florist is situated within the very busy Coventry Retail Market in Coventry, West Midlands. The market was voted market of the year in 2007 and Britain’s favourite market in 2010. The market is in the shopping centre of the city; therefore the business benefits from a high volume of footfall and customer loyalty.

Coventry is located within the West Midlands and it is the 10th largest city in England and the 13th largest UK city overall. The city is home to a unique selection of internationally renowned family friendly attractions, popular cafes, bars and quirky restaurants.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the market. Coventry railway station is approximately half a mile away. The area is also well-served by the A-roads, with the A4053 being within easy driving distance, which links to the national A-road and motorway networks. Rugby is approximately 13½ miles and Birmingham is 21½ miles away.

PREMISES
Market stall/retail area with:

Raised display plinths with flower vases and product shelving.

Counter and preparation area with cupboards beneath.

Revolving greeting card display unit.

Standalone catalogue unit.

Perimeter shelving and hanging space.

Utility area with Belfast sink and perimeter shelving.

Warehouse with:

Good sized secure stock room/warehouse in the basement with power, lighting and perimeter shelving.

There is vehicular access to this space for deliveries and storage.

Vehicle:

There is a sign written Citroen Berlingo van included in the sale.

TENURE
We are advised the premises is on a rolling lease, which has security as the landlord has to buy out the vendor to take the property back.

Rent: 4,487 per annum

HOURS
The business is open:

Monday – Wednesday: 7.00am – 5.30pm

Thursday: 7.00am – 3.00pm

Friday – Saturday: 7.00am – 5.30pm

Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of £60,000 per annum, with a good gross profit.


Tenure: Leasehold

Listed by: Hilton Smythe
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