Established Florist Shop in Edinburgh with Loyal Customers and Expansion Potential
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
06/07/22
- Advert ID
298331
- Asking Price: £15,000 (Stock at valuation)
- Turnover: On request
- Net Profit:
Key Features
- Prime Location
- Close to Local Amenities
- Small Business
- Established Business
- Offers Invited
- Adjacent to Multiple Retailers
- New Lease
- Accounts Available
- Attractive Business
Business Details
Well established Florist shop for sale in Edinburgh
One of Edinburghs longest established florist shops, opened approximately 48 years ago and is located in a very affluent area with a very loyal customer base. Huge scope for expansion as we currently only cover the local area for deliveries but this can be increased to the whole of Edinburgh via our Interflora membership which would increase turnover and profits massively. The local area is also expanding rapidly which will increase the local customer base significantly. Free ample parking right outside the shop on one of the main routes into the city so we get a lot of passing trade. It is only the current owners in the business so there are no staff to TUPE, the current owner is also willing to stay on for an agreed period to aid with the takeover and help the new owner settle in. This is a fantastic opportunity to buy a well-established florist with an excellent reputation and start out on your own and take it to another level. A new 10-year lease is already agreed upon with the landlord for the new owner.
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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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