THRIVING LEASEHOLD FLORIST, OXFORDSHIRE PRICE REDUCED
Price:
Leasehold - £30,000
Location:
Oxon , Didcot, Oxford
Business Type:
Retail businesses
The particular highlights of the business are:
- Good potential fro expansion.
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £174,000 with a net profit of £10,123. (See financial summary below). This is very impressive considering the credit crunch..
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving florist which has been established since1984. The business has been in the hands of the current owners since inception and they now wishes to sell due to retirement.
Services
This very good business opportunity provides flowers + delivery service with van which will come with the business.
Staffing
The concern employs 5 staff. 1 is full time and 4 are part time. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and deals with the day to day running of the business
Marketing
The owner markets the business in guides for brides, local papers, wedding fairs and has a website.
Competition
As far as competition is concerned there is only two other in the area
Market
The client base consists of regulars passing trade and from the marketing being done for the business.
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 longer trading hours.
• Increasing the product line to include more products for sale.
• Becoming more efficient with staffing levels.
• 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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 60ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
First Floor
On the second floor there is 3 bedrooms with kitchen toilet and lounge.
External
To the front there is parking facilities.
To the rear there is a garage.
Financial Details
The present turnover is £174,000 per annum with a gross profit of £90,511 and a net profit of £10,123. The present value of the stock is £6,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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.
- Situated in central area of Didcot in Oxfordshire
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of residents and workers
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
The original length of the lease was 10 years with 2 years remaining. The rent is £7,500 pa with a review in 2. The lease may be renewable or negotiable for longer term if required. The rates are £1,600
Monday, Tuesday, Thursday and Friday: 8:30 - 5:00pm. Wednesday, Saturday: 8:30 - 4:00pm
North Yorkshire
£ 750,000
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