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SOLD OR WITHDRAWN FROM THE MARKET
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LONG ESTABLISHED PROFITABLE FLORISTS SHOREHAM BY SEA WEST SUSSEX

Shoreham by Sea, West Sussex
Leasehold Price:
£29,995
Status
SOLD / WITHDRAWN
Advert ID
242827
Reference
13326 / Rightbiz

Location

This Florist for sale in Shoreham by Sea, West Sussex is the only one in town and has a well exposed and prominent location. It is opposite Shoreham train station, having been there for over 65 years. It has good footfall, is on a corner plot with a large forecourt, and is next door to a popular café. There is parking on the front forecourt of the shop. In terms of territory the business covers Shoreham, Southwick, Fishersgate, Portslade, Hove, Steyning, Bramber, and Worthing. There are excellent commuter links to London and the Town is expanding with several new housing developments.

 

Financial Details

This business is a limited Company and the Owners would prefer a share sale.

 

For the year ended 30th November 2014, the turnover was £137,635, with a gross profit of £76,130. After a wage of bill that year of £21,290 and a Directors salary of £7,868, the operating profit was £22,552.

 

For the year ended 30th November 2015, the turnover was £144,777 with a gross profit of £76,951 and an operating profit of £17,390. This was after wages of £21,549 and a Directors salary of £16.040.

 

For the year ended 30th November 2016, the turnover was £135,444 with a gross profit of £71,261, and after wages of £16,459 and Directors salary of £12,414, the operating profit was £19,313.

 

From November 2016, the company left the Interflora relay service, and opened their own online shop because of their good local reputation and this meant that less staff were required and therefore a large saving in wages as well as overheads.

 

For the year ended 30th November 2016, the turnover was £135,444 with a gross profit of £71,261, and after wages of £16,459 and Directors salary of £8,124, the operating profit was £19,313.

 

For the year ended 30th November 2017, the turnover was £96,432 with a gross profit of £48,173, and after wages of £4,308 and Directors salary of £12,414, the operating profit was £13,135.

 

For the year ended 30th November 2018, the turnover was £95,654 with a gross profit of £51,460, and after wages of £2,627 and Directors salary of £8,336, the operating profit was £17,575.

 

 

 

 

The husband and wife Directors are 50% shareholders each. There is a van available, which is on lease with around one year remaining and with payments of £250 per month.

 

Business Details

This long-established business has been in existence for over 65 years, with the present Owners, who are husband and wife having taken over in 2009. The Directors now want to spend more time with family.

 

This Florist deals with all aspects of Floristry. It sells flowers by the single stem, up to hand tied bouquets, pedestal arrangements, weddings, funerals and events. The best Flowers are purchased from Holland which guarantees quality and the shop is renowned for this. The business has an excellent reputation and has had so since it opened, with very few Owners for such a long-standing concern.

 

The client base is private with some commercial clients. Approximately 80% of business is repeat, with the rest coming largely from referrals. The main USP’s of the business are that it’s the only Florist in the town, it is very well positioned, opposite the railway station and it has the benefit of an e-commerce online shop.  Clients are literally from all over the world and the business also makes and sells terracotta pot men. There is some social media presence with 150 Facebook and 150 Instagram followers and also a Twitter account. The website is www.flowersbywaltersmith.co.uk.

 

The business is operated by one of the Directors full time, who is a Florist, whilst the other Director helps out part time with deliveries. In the past, the business did employ up to 4 staff, but now apart from the working director, family helps out with deliveries.

 

There is a lot of potential to grow the business. Shoreham itself has several housing developments under way and it attracts people from Brighton, Hove and London.  

 

Property

To the front of the property is a forecourt and to the rear there is a garden.  The shop has an attractive, branded shop front, with a display outside, and an excellent retail area with further displays. The premise has a preparation area and staff facilities. The sales area is 12.88 square metres, and there is also a cellar downstairs.

 

Trading Hours

Monday: 8.30 am – 1.30 pm

Tuesday: 8.30 am – 5.00 pm

Wednesday: 8.30 am – 5.00 pm

Thursday: 8.30 – 5.00 pm

Friday: 8.30 am – 5.30 pm

Saturday: 8.30 am – 3.00 pm

Sundays: Closed

 

Tenancy

The Company operates under a 7-year lease, with 6 years left and the lease is renewable. The rent is £8,750 pa. There are presently no rates to pay. The lease arrangements can be changed as the landlords are very flexible.

 

Ref:    13326

Price: £29,995 plus assets including stock

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (T/A ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. 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. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

 

Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: Shoreham by Sea, West Sussex
Sector: Florists
Financials
Annual Net Profit: £25,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 13326 / Rightbiz
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