Thriving Florist On Prime High Street Location With Accommodation Price Reduced | | Bexhill on Sea East Sussex | | Phoenix Business Agents are delighted to place onto the market this very busy florist which has been established since 1996. The business has been in the hands of the current owner since 2007 and now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63996
ADVERT IMPRESSIONS : 7,575 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Florists | | SALE: | Agent Sale | ASKING PRICE: | £47,500 | LEASEHOLD: | £47,500 | ANNUAL RENT: | £10,600 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in busy High street area of Bexhill on Sea.
- Prominent location.
- Part of a parade of shops which is part of the main shopping area.
- Excellent parking facilities.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the Central London by train.
- Railway station and sea front all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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 £68,000 pa with a GP of 50%. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides flowers and plants.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy florist which has been established since 1996. The business has been in the hands of the current owner since 2007 and now wishes to sell due to retirement.
Services
This very good business opportunity provides flowers and plants and florist services.
Staffing
The concern employs 2 part time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 1/4 miles away.
Market
The client base consists of locals passing and tourist.
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.
• Increasing the opening hours to include later PM and Sundays.
• Work to gain commercial contracts.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.
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 property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The main customer service area is wooden flooring with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a large store room. There is a toilet, staff facilities and a kitchen with a further large store room.
FIRST FLOOR
On the first floor there is 2 bedroom flat, bathroom, toilet, living room and kitchen.
EXTERNAL
To the front there is use of the forecourt and street parking.
To the rear is a yard and rear entrance.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £3000.
FINANCIAL DETAILS
The present annual turnover is £68,000 with a gross profit of 50%. The wages are £240pw. The present value of the stock is £2500.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 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.
TRADING HOURS
Monday to Saturday 8.00am to 5.30pm
Sunday closed
TENURE
The original length of the lease was 10 years with 3 years remaining. The rent is £10,600 pa. The lease may be renewable or negotiable for longer term if required. The rates are £3,300.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £58,000
Ref: 2172
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2172 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
