THRIVING FLORIST ON PRIME HIGH STREET LOCATION WITH ACCOMMODATION PRICE RED
Price:
Leasehold - £47,500
Location:
East Sussex, Bexhill on Sea
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 £68,000 pa with a GP of 50%. (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 couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides flowers and plants.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy florist which has been established since 1996. The business has been in the hands of the current owner since 2007 and now wishes to sell due to retirement.
Services
This very good business opportunity provides flowers and plants and florist services.
Staffing
The concern employs 2 part time staff.
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
As far as competition is concerned there is another similar business some 1/4 miles away.
Market
The client base consists of locals passing and tourist.
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 later PM and Sundays.
• Work to gain commercial contracts.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• 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 £68,000 with a gross profit of 50%. The wages are £240pw. The present value of the stock is £2500.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 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 busy High street area of Bexhill on Sea.
- Prominent location.
- Part of a parade of shops which is part of the main shopping area.
- Excellent parking facilities.
- 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 Central London by train.
- Railway station and sea front all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 3 years remaining. The rent is £10,600 pa. The lease may be renewable or negotiable for longer term if required. The rates are £3,300.
Monday to Saturday 8.00am to 5.30pm
Sunday closed
On the first floor there is 2 bedroom flat, bathroom, toilet, living room and kitchen.
North Yorkshire
£ 750,000
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