Well Established Interflora Florist In Shropshire For Sale

Business description

Located in the town centre of a popular market town this florist has a good reputation and turns over £2,000 pw at a Gross Margin of 48%. Profitable business with low overheads and sign written van included. Rent £4,750 pa, Rates £1080 pa

Property information

Property:

Leasehold

Location:

LOCATION:
The business is located in a popular Shropshire market town in the Telford and Wrekin borough. It is situated in the town centre on one of the main shopping streets just off the main town square and approximately 100 yards from the free (2 hour) shoppers' car park. The town itself is well situated for both road and rail links and is part of the Telford New Town conurbation.

BUSINESS:
This has been a florist for over 25 years and in the hands of the current owner since 2006. We are informed that the previous owner had left the business in a run down state and the vendor has worked hard to restore the reputation and has significantly increased the wedding side of the business, covering 25 to 30 weddings last year. In addition to the wedding business, the shop retails the normal range of cut flowers, floral tributes and bouquets and is an Interflora member.

BUSINESS PREMISES:
These consist of a two storey lock-up shop with a glazed double frontage and central inset doorway. This leads to the main retail area which measures 13ft 9ins x 17ft 3ins (237 sq ft) into the windows. Exclusion of the window display areas results in a sales area of 178 sq ft which has a wood effect floor, white wood panel walls and ceiling with both strip lighting and inset down-lighters. It is equipped with counter, till, PDQ machine, various floristry displays, gift display unit and a desk and chairs for discussing clients' requirements.

At the rear of the shop stairs lead to the upper floor which measures 14ft 5ins x 17ft 3ins max (247 sq ft). This is used for both storage and work area and is equipped with a work sink, worktops with storage under and various storage shelving. There is a separate WC with hand wash sink and double glazed window overlooking the street.

We are informed by the vendor that the street is earmarked for regeneration by the council and that, next year this will potentially result in the shop having a new frontage, which will be paid for predominantly by the regeneration scheme.

Empty office premises next door are owned by the landlord and he allows the shop to use them for any further storage required at no cost.

A 04 Reg Citroen Berlingo sign written van is included in the selling price.

(All sizes are approximate and should be considered 'nominal'.)

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:
We are informed that the premises are leasehold with over two years remaining of the current five year lease and that the rent of £4,750 pa will remain for duration of the lease.

RATES:
We are informed that the rates are £1,080 pa having the
benefit of Small Business Rate Relief.

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

TRADE:
Accounts for 2007/2008 show a turnover of £96,549 at a Gross Margin of 48.4%. We are informed that the 2008/2009 turnover has increased to £100,000 and accounts will be available to seriously interested parties after viewing.

HOURS:
Monday 9.30am to 5.00pm
Tuesday 9.30am to 5.00pm
Wednesday 9.30am to 3.00pm
Thursday 9.30am to 5.00pm
Friday 9.30am to 5.00pm
Saturday 9.00am to 1.00pm
Sunday CLOSED

STAFF:
The business is currently run by the vendor, two part time florists and a delivery driver. Due to family commitments the vendor only works part time and new owners could, therefore, significantly reduce the wage bill.

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

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.

GUIDE PRICE:
The vendors are seeking £28,000 plus stock at valuation, for the leasehold, business goodwill, sign written van, fixtures and fittings, subject to inventory