Two Leasehold Florists In Hendon And Uxbridge Reduced 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 £155,000 with a net profit of up to £50,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to re locate.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership or a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a florist and gift service and has an Interflora agency.

History
Phoenix Business Transfer Agents are delighted to place onto the market this chain of 2 florists which has been established since 2006. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.

Services
This very good business opportunity provides flowers and related gifts.

Staffing
The concern employs one full time staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in yell.com, on Google, through Interflora, and Thomson directory.

Competition
There is no local competition.

Market
The client base consists of locals and passing trade as well as some commercial businesses. A lot of business is done through Interflora.

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.
• Increasing the opening hours to include later Saturday closing.
• Increasing the product line to include more products.
• Increasing the number of commercial clients.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• The business will continue to enjoy year on year organic growth.





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
Hendon: This has a glass front which is branded and a large display area with a counter to the rear. There is an office, storage area and a kitchen.
Uxbridge: This has electric shutters to the front and is also branded. The unit is spacious, has an office, kitchen and storage area.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present annual turnover is £155,000 with a gross profit of 50% and a net profit of £30 – 50,000. The wages are £10,000 pa. The present value of the stock is £not available.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 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.

Property information

Property:

Leasehold

Lease terms:

For Hendon there is a new lease available with a rental of £11,000 pa and the rates are £1420 pa. The original length of the lease for Uxbridge was 10 years with 8 years remaining. The rent is £17,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £2,500 pa.

Location:

Hendon: This premises is close to the town centre on a busy road, close to the university and town hall.
Uxbridge: This site is on a very busy main arterial road just after the town centre which has 3 large shopping centres.

Premises details:

Hendon: This has a glass front which is branded and a large display area with a counter to the rear. There is an office, storage area and a kitchen.
Uxbridge: This has electric shutters to the front and is also branded. The unit is spacious, has an office, kitchen and storage area.

Other information

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.
• Increasing the opening hours to include later Saturday closing.
• Increasing the product line to include more products.
• Increasing the number of commercial clients.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• The business will continue to enjoy year on year organic growth.

Competition / Market:

There is no local competition.

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.

Reasons for selling:

Owner wishes to sell due to retirement.

Trading hours:

Monday to Friday: 9.00 am – 6.00 pm.
Saturday: 9.00 am – 4.00 pm.
Sunday: Closed.

Furniture / Fixtures value:

£10,000 (included in the asking price)