Two High Profile And Established North London Florists For Sale

Business description

Business Details
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 £230,000 with a net profit of £21,500 (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 a family or an existing florist chain wanting to expand their portfolio.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a complete florist service, catering for high street retail sales, weddings, funerals, contract floral supplies, delivery services and a well established e-commerce ordering service.

History
Phoenix Business Transfer Agents are delighted to place onto the market these two High Profile and Established Florists in North London. The two florists have been in the hands of the current owner since 1984 and 2005. He now wishes to sell due to other business interests and family commitments.

Services
This very good business opportunity provides a complete florist service, catering for high street retail sales, weddings, funerals, contract floral supplies, delivery services and a well established e-commerce ordering service.

Staffing
The concern employs 3 part-time members of staff in addition to family members working within the business.


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 and has a very successful website.

Competition
There is a very low level of local competition.

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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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 properties are both terraced and are part of a parade of shops. The fronts are branded with an attractive glass front. There are electric shutters and CCTV systems at each outlet. The main customer service areas are tiled with middle aisles, shelving and racking to the walls. They are both very well presented and very conveniently laid out.

To the rear are store rooms. There is a toilet, staff facilities and fully equipped kitchen at both properties.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £50,000.

Financial Details
The present annual turnover is £238,805 with a gross profit of £120,257 and a net profit of £21,500. The wages are £17,054 pa.
The potential turnover of the business within the next 2 years is forecast to reach £285,000 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.

Property information

Property:

Leasehold

Lease terms:

The current owners are offering a new lease of 12 years with 12 years remaining. The rent is £35,000 pa for the two outlets with a review after 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £9,944.

Leasehold rent:

£35,000 pa for the two outlets per annum

Location:

- Situated in two prime locations in the Willesden area of London.
- Both in prominent locations on a main arterial road situated approximately 1 mile apart.
- Excellent parking facilities at both outlets.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A407, A404, A4003, A5 and A406.
- Dollis Hill and Willesden Green Underground Stations are in very close proximity to both stores.
- Brent Cross, Fortune Green, Cricklewood and Gladstone Park all lie close by.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.

Premises details:

The properties are both terraced and are part of a parade of shops. The fronts are branded with an attractive glass front. There are electric shutters and CCTV systems at each outlet. The main customer service areas are tiled with middle aisles, shelving and racking to the walls. They are both very well presented and very conveniently laid out.

To the rear are store rooms. There is a toilet, staff facilities and fully equipped kitchen at both properties.

Business Operation

Expansion potential:

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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

There is a very low level of local competition.

Reasons for selling:

Owner wishes to sell due to other business interests and family commitments.

Trading hours:

Monday to Saturday: 9.00 am – 7.00 pm.
Sunday: 10.30 am – 3.00 pm.

Employees:

The concern employs 3 part-time members of staff in addition to family members working within the business.

Years established:

Esablishes in 1984 and 2005

Other information

Support & training:

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.

Furniture / Fixtures value:

£50,000 (included in the asking price)