City Business Brokers are pleased to bring to the market this very well-established and well-loved florist. The business primarily conducts a popular independent retail operation of an extensive selection of traditional seasonal fresh flowers and arrangements for all occasions, including weddings, funerals, corporate events, birthdays, Mother’s Day, Valentine’s Day, etc. A delivery service is also offered. In addition to flowers, accessories such as chocolates, cuddly toys, balloons, vases, and cards are available.
• Established for 30 years.
• Fantastic reputation.
• Good location with high footfall.
• Large demographic.
• Low Rent.
The business was established by our clients 30 years ago and they have laid the most solid of commercial foundations for any new owner in terms of facilities, reputation, and goodwill, with the aid of an experienced and motivated team who would be an asset to any purchaser. The business now only comes onto the market due to our clients’ wish to semi-retire.
This would present a truly outstanding opportunity for anyone with some appropriate product knowledge seeking a superbly located, fully equipped and locally valued going concern, furnishing considerable scope for continued growth and increased profitability in a specialist retail and service sector of consistent high demand and we would unreservedly recommend an early viewing.
Financial Information
Current turnover in the region of £239,000 per annum with a profit of £81,000 with scope to increase
Lease: The current lease has 7 years remaining
Rent: £7,000 per annum plus Service Charge of £3,000 per annum
Business Rates: Zero
Staff: The owners plus 1 full-time and 2 part-time
Trading Hours: Monday to Saturday 9.00am to 5.30pm. Sunday opening for special occasions such as Mother’s Day
Fixtures & Fittings The business is well-fitted throughout and a valuable inventory of equipment (circa £50,000) is to be included in the sale price.
There is real potential to increase turnover and profit by opening on Sundays, having longer opening hours (7.00am to 7.00pm), further developing the Wedding side of the business and embracing social media to further promote the superb goods and services on offer.
