| (REF: 1992) Thriving Florist With 115 Year Lease |
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| Seller Reference: |
1992 |
| B4S Reference: |
24406 |
| Asking Price: |
£329,995
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| Net Profit: |
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| Sales Revenue: |
£104,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
13 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Bexley, South East London, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Turnover in excess of £104,000 with a gross profit of £72,800 (see financial summary below).
- A business with great potential which has not been exploited by the current owner.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Thriving Florist which has been established since 1998. The business has been in the hands of the current owner since inception and now wishes to sell due to other business interests.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via a website.
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increase the opening hours to include Sunday’s.
• With the introduction of a website and e-commerce.
• Including commercial work.
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 semi-detached, part of a parade of shops and is approximately 23 ft x 15 ft. The front is branded with an attractive glass front. There is a large preparation room, office area and a toilet. The main customer service area has wooden flooring, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
EXTERNAL
To the front there is a pavement area of 22 ft x15 ft that is used for displays.
To the rear there is parking for 1 car.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £1,000.
FINANCIAL DETAILS
The present annual turnover is £104,000 with a gross profit of 70%. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 125 years with 115 years remaining. The rent is £250 pa. The rates are £2,100. |
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Current Rent: |
£250 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the Bexley area of Kent.
- Prominent location on main arterial road.
- Part of a parade of shops within the local shopping centre.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by a 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 with many shops and offices.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is no local competition. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increase the opening hours to include Sunday’s.
• With the introduction of a website and e-commerce.
• Including commercial work.
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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. |
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Owner wishes to sell due to other business interests. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Wednesday: 8.30 am – 5.30 pm.
Thursday & Friday: 8.30 am – 6.00 pm.
Saturday: 9.00 am – 5.00 pm.
Sunday: Closed.
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