Superbly Located Leasehold Florist in Walsall
Price:
Leasehold - £59,950
Location:
West Midlands , Walsall
Business Type:
Retail businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £106,000 pa with a net profit of £26,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team or business partnership
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides freshly cut flowers, bouquets, bespoke services for private and commercial events and e-florists.
History
Phoenix Business Transfer Agents are delighted to place onto the market this town centre florist which has been established since 1998. The business has been in the hands of the current owner since 1998 and he now wishes to sell due to relocation.
Services
This very good business opportunity provides freshly cut flowers, bouquets, bespoke services for private and commercial events and e-florists.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There are very low levels of local competition.
Market
The client base consists of town centre shoppers and event customers.
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 product line to include cards and gifts.
• Becoming more efficient with staffing levels.
• With the introduction of a 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 £106,000 with a net profit of £26,000. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £140,000 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 a quaint mall in a converted church in the town centre of Walsall.
- Prominent location on main arterial road.
- Part of a small shopping centre.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of pedestrian flow.
- Commercially thriving area.
- Well linked with the A4148, A454, A34, A561 and M6.
- Sutton Coldfield, Wednesbury and Wolverhampton all lie close by.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.
The original length of the lease was 6 years with 4.5years remaining. The rent is £4,475 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.
Monday to Saturday: 9.00am – 5.30pm
Sunday: Closed
North Yorkshire
£ 750,000
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