Main Road Trading Position
Accounts Available Year End 31st March 2022
Annual Turnover £82,122
Gross Profit £19,997
Interflora Partnership In Place
Large Scope For Longer Opening Hours
Low Rent Only £115 Per Week
Accounts Available After Viewing
Established 1976
Retirement Sale
Well Presented
Fully Equipped
Free Parking
Heavy Footfall Area
Superb Reputation
Potential To Introduce Social Media
Scope For Strong Marketing Drive
EPC - TBC
REF 7623 – Leasehold Long Established Florist
Blacks Brokers are pleased to bring to the market this leasehold long established florist located in Grotton, Oldham.
INTRODUCTION
Fletcher's Florist was established by our client in this popular residential area of Grotton in 1976. The business offers a variety of freshly cut floral arrangements for all occasions and it has become very well known in this area with a strong base of regular customers in place as well. The business also benefits from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Fletcher's Florist has a comprehensive website in place.
LOCATION
Fletcher's Florist occupies a main road trading position within a small parade of shops within a highly sought after residential area. The area is densely populated with neighbouring businesses including independent retailers as well as occasional large multiples such as The Coop. There are also a number of schools, nurseries, restaurants and takeaways nearby as well as Oldham town centre. The area is well linked by the M60 with very strong public transport links and free parking is available immediately outside the shop.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling monthly lease running at a cost of only £99 per week. A new lease will be offered to a new owner.
STAFF
The business operates with our client only in employment.
FINANCIAL DETAILS
Fletcher's Florist has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2022 show annual turnover of £82,122 and gross profit of £19,997. It is worth noting that trade during this financial year was heavily affected by Covid restrictions and trade is now returning to normal. Full financial information is available upon request.
BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This long established business occupies an enviable trading position in a thriving area of Oldham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. A new owner may also look to develop a strong social media presence and expand the delivery services currently offered. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
