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Busy Florist Business Investment Opportunity

Stranraer, Dumfries and Galloway
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  • Freehold: £115,000
  • Turnover: £118,022 £2,270 Per week
  • Net Profit: Not Applicable

Business Details

Business
Hilton Smythe is delighted to welcome to the market this well established and popular florist business, which is ideally located within the town of Stranraer, Dumfries & Galloway.

The business was originally established in the 1980s and has been in our client’s careful ownership since 2006. Only now is the business being offered to the market due to our client’s family commitments. The business currently operates 5½ days per week and generates a turnover in the region of £118,000 per annum, with a gross profit of approximately 50%.

Our client offers a wide variety of bouquets and floral arrangements for every occasion, wedding flowers, decorations for hire, sympathy flowers and floral tributes. The florist also undertakes contract work, with several local businesses, where they hire out plants and tend to them on a regular basis. As a registered eflorist, the business offers flowers for local, national and international delivery.

The business has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has an excellent and informative website in place at www.andreas-florist.co.uk.

This is an excellent opportunity to acquire a well-established and popular florist business in a prime trading location; therefore, early viewing must come highly recommended to avoid disappointment.



Location
Andreas Florist occupies substantial ground floor premises, ideally located within the town of Stranraer, Dumfries & Galloway. The business is located on the busy Hanover Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The florist also benefits from good car parking facilities within the area.

Stranraer is a town in the west of Dumfries & Galloway, it lies on the shores of Loch Ryan. The town is Dumfries & Galloway’s second largest town, with a population including the surrounding area of nearly 13,000. Stranraer is best known as having a ferry port, previously connecting Scotland with Belfast and Larne in Northern Ireland. The main industries in the area are the ferry port, with associated industries, tourism and more traditionally, farming.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Stranraer railway station is just over half a mile away. The area is also well served by the A-roads, with both the A77 and A75 being within easy driving distance, which link to the national A-road and motorway networks. Ballantrae is approximately 17 miles away and Newton Stewart is 24½ miles away.



Premises
Substantial ground floor premises in an ideal trading location, briefly comprising:

Main shop entrance leading to an open plan retail premises.
Service area to front.
General shelving and display stands to perimeter walls.
Central displays.
Large workroom to the right of the shop, with a further sink area and WC.
Access to rear courtyard to the rear of the shop, which would ideally suit outdoor plant sales.


Equipment included:

Display stands.
Vases.
Racks and rails.
All general fixtures and fittings.




Tenure
We are advised Ownership.



Hours
The business is open:

Monday – Friday: 9.00am – 5.00pm
Saturday: 9.00am – 1.30pm
Sunday: Closed




Staff
The business is owner run and managed.



Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £118,022, . Full financials can be made available upon further request.



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Key Features

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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