Established London Florist with Garden Centre and House Plants Services for Sale
Undisclosed, London
- Status
FOR SALE
- Date Submitted:
16/10/23
- Advert ID
601159
- Reference
B07566 / Rightbiz
- Call Agent:
- Leasehold: £499,999
- Turnover: £748,831 (£14,401 Per week)
- Net Profit: £139,793 (19% Profit margin)
Business Details
Extremely well established florist in London
BusinessPlease quote reference B07566
CoGoGo are delighted to welcome to the market a highly rated and well established florist shop in London.
The florist was founded by the current owner and her late husband over 40 years ago. Sited opposite one of London’s largest cemeteries in the middle of a bustling high street. The business has been a real labour of love for her and her dedicated team, accruing many loyal and happy customers along with an amazing reputation for quality, pricing, customer care and service, this has seen the business go from strength to strength over the years, with the addition of gift ranges, the chocolate counter and later a dedicated garden centre and gardening services.
Not only has the business grown but has been able to weather the toughest of challenges including Brexit and the pandemic.
The business is now being sold, albeit reluctantly and with a heavy heart, only so the vendor can enjoy a well-earned retirement, she is keen to see her beloved florist pass to an ambitious and entrepreneurial new owner who can take it to the next level.
The business offers quality flowers delivered the same day, 7 days a week to a large catchment area of south and central London boroughs.
The shop offers a wide choice of floral arrangements to suit all occasions, an extensive range of house plants and pots as well as gift idea and cards, with a dedicated area for discussing wedding and funeral flower orders, it allows the well trained staff to provide a more bespoke service to those customers, the business also prides itself on understanding the problems at a time of bereavement and assisting with all that is needed. The adjacent garden centre boasts a huge selection of seasonal plants, composts, garden furniture and accessories as well as a notorious Christmas tree trade including local authority and business contracts.
A substantial shop frontage ensures maximum High Street exposure where retail over the counter equates to 50% of the shops income. With 40% coming from phone orders, deliveries and wedding and funeral work, only 10% of the shops turnover is generated from online sales showing there is fantastic scope to increase revenue through new social media, website and SEO marketing activity.
The sale will include the company website and social medial platforms and the business enjoys great visibility online with many impressive reviews.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- Current owner would be happy to offer a handover to ensure the continued success of the business
- Ideal owner managed or partnership business
- Perfect bolt on to an existing, high turnover florist business looking for a foothold in this area.
- Advertising and Marketing campaign. A local leaflet drop usually yields good results
- Maximise the use of social media
- Extend the opening hours
- Update the existing website
- Canvass hotels, residential homes, restaurants, showrooms, corporate head offices etc with a view to becoming theirs preferred provider of floral displays.
Location
The florist is located in London.
The business sits alongside other complimentary retail businesses on a really busy shopping street and thus benefits from high levels of footfall and passing trade along with regular custom.
The florist is beautifully presented and maintained with clear visible signage and distinctive livery.
Premises
The premises comprise two former shops, ideally suited to the trade, all on the ground floor and briefly comprising a large, well stocked retail area, a generous flower room and a kitchenette with WC.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £40,500 per annum.
Hours
The current trading hours are -
Monday to Saturday - 8:30am - 6:00pm
Sunday - 9:00am - 4:00pm
Staff
We are advised that the business is run and managed by the owner, with the help of 3 full-time, 3 part-time and casual staff as and when needed.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £750,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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