Well Located Freehold Florist Wellingborough For Sale

Business description

The particular highlights of the business are:
- Has a very good client base
- Very well located
- Well established business
- Offers a very good and professional service
- Low rates
- Large and spacious premises


History
Phoenix Business Transfer Agents are delighted to place onto the market this well located freehold florist which has been established since 1998. The business has been in the hands of the current since inception and she now wishes to sell due to retirement.

Services
This very good business opportunity provides an excellent florist service for wedding, funerals and other occasions, as well as gifts, chocolates and balloons.

Staffing
The concern employs 2 staff who are both part-time. They are paid at the rate of £6.00 per hour. 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 advertises on yellow pages, the BT phonebook, and through the florist direct.

Competition
As far as competition is concerned there is no competition in the area.

Market
The client base consists of mainly regulars and some 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 and local and internet advertising.
• Opening longer trading hours
• Introducing more products for sale
• Becoming more hands on and saving on wages
• Offering a delivery service
• Separating the premises to create rentable accommodation

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 front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled with displays to the walls. 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.

First Floor
On the first floor there is a store room and office.


Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £8,000.

Financial Details
The present turnover is £16,262 per annum with a gross profit of 70% and a net profit of £3624.
The potential turnover of the business within the next 2 years is forecast to reach £95,000 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.

Property information

Property:

Freehold

Living accommodation:

On the first floor there is a store room and office.

Location:

- Situated in area of Wellingborough
- Part of a parade of shops
- Situated in town centre
- Part of a densely populated area
- Lots of foot and traffic flow

Premises details:

The front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled with displays to the walls. 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.

First Floor
On the first floor there is a store room and office.

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 and local and internet advertising.
• Opening longer trading hours
• Introducing more products for sale
• Becoming more hands on and saving on wages
• Offering a delivery service
• Separating the premises to create rentable accommodation

Competition / Market:

As far as competition is concerned there is no competition in the area.

Reasons for selling:

Retirement

Trading hours:

Monday to Saturday: 09:00-17:00

Employees:

The concern employs 2 staff who are both part-time. They are paid at the rate of £6.00 per hour. All staff would stay on after a sale.

Years established:

12 years

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:

£8,000 (included in the asking price)