Asking price: £195,000

Sales revenue: £136,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Well established business with excellent reputation operating from nicely appointed premises. Accounts for February 2010 show T/O of £136,235 with GP of £66,634. Above is potential for 1 bed accom. PRICE REDUCED FOR QUICK SALE. VENDOR LOOKING TO RETIRE.

Property: Freehold

Living accomodation
Accommodation Included

Location
Location
Located in a small town, to the south of Middlesborough, the premises are situated on a main street surrounded by other retail outlets.

The Business
This florist business has been in the hands of the current owner for the last 21 years and retirement now forces a sale. The business is well-known in the area and has an excellent reputation for service and product. It provides floral arrangements for weddings, funerals and other functions, in addition to single orders from new and repeat customers. It's
High Street position also generates a certain amount of passing trade.
Account for Feb 2010 show a sales turnover of £136,235 and GP of £66,634. Financial information will be provided to seriously interested parties following a meeting with the vendor.

The space on the first floor is currently used for storage for the floristry business but could be re-developed for living
accommodation, providing extra income if the new owners so wished.

Business Premises
RETAIL AREA
The main entrance leads into the retail area which is fitted with a variety of shelves and display units. In addition to the
wide range of flowers on sale, the shop also offers related products such as plants, vases, greetings cards etc. To the
rear of the shop is a counter for wrapping and taking sales.
PREPARATION AREA
Located behind the sales area, this room also includes a separate cold store, providing an ideal environment for the
flowers. There is a door to one side that leads to a small hallway with stairs up to the first floor, and an external door with
access to the outside of the property. To the rear of the preparation room there is a separate WC for staff use.

Private Accommodation
The accommodation on the first floor is currently used as office space and further storage when required. It is quite basic and would require some development work in order to turn it into living space. There are three rooms, two front facing and one rear facing and would make good one bedroom living accommodation. Alternatively, it could be developed into further retail space if the new owners wished to expand the business.

Tenure
Freehold

Hours
The current opening hours are: Mon to Sat 8.30am to 5pm

Staff
The owner operates the business with the assistance of 1 full-time and 2 part-time members of staff.

Stock
Indications of the stock level will be given to seriously interested parties and this amount is not included in the asking price.

Viewing
Appointments are strictly via Adams and Co by telephoning the office on ----- ------. Under no circumstances
approach the business directly.