Excellent Florist In South Yorkshire For Sale

Business description

Nicely appointed shop premises, located on a main thoroughfare into the town centre. Established for almost 20 years the business generates sales of c£95k pa at an excellent 59% gp. Currently operated predominantly under management and requires dedicated owner operator to develop further.

Property information

Property:

Leasehold

Location:

LOCATION:
The premises are situated in Rotherham, a short distance from the town centre, adjacent and opposite other retail and commercial businesses. This business has operated from the same premises for almost 20 years.

BUSINESS:
The business is part of a group of 2 florists operated as a single entity. We have extrapolated those figures relevant to the business for sale, and turnover for the period May 1st 2008 to 30th April 2009 was £93,879 net of VAT. Gross profit was £55,388, a very healthy 59% gross margin. Operated predominantly under management the profits of this business could be increased significantly with a dedicated owner operator.
The business is an Interflora member which is transferable, subject to the necessary approval.

BUSINESS PREMISES:
The business premises are entered via a single aspect shop front and comprise;

GROUND FLOOR
Retail Area; Nicely appointed with the usual floristry displays, complemented by well presented ceramics and glassware predominantly on wall mounted shelving. A door at the rear of the Retail Area leads through to;

Workroom 1; With work table etc. Access to outside via side door. A half flight of stairs gives access to;

Workroom 2; With work table etc. Adjacent is;

Cloakroom; With w.c. and washbasin.

From Workroom 1 there is a flight of stairs to;

FIRST FLOOR

Office; Front facing with double aspect.

Store; Rear facing, used for the storage of stock of display items.

PRIVATE ACCOMMODATION:
There is no private accommodation with this business.

TENURE:
Leasehold. The premises are occupied as per the terms of the lease dated March 2005 which was granted for a term of 10 years.

RENT:
The annual rent and rates payable in the figure provided for the period 1st May 2008 to 30th April 2009 is a total payable of £7050.

SERVICES:
We understand from the vendor that all main services are connected to the property.

HOURS:
Monday to Friday 8.30 to 5.30
Saturday 8.30 to 5.00
Sunday Closed

STAFF:
There are currently 2 members of staff. One member attends for 2 full days, and a second member of staff attends for 1 full day plus 3 days of 6 hours.

STOCK:
The vendor informs us that the value of the stock is approximately £TBC