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Tue, Aug 11 2020 05:17:45 PM  |  /

High End Floristry Retailer of Fresh Flowers for Weddings and Corporate Occasions

Business Id:000395     |    Reference: AH148
Leasehold Price:
£210,000.00
Business Description

High End Floristry Retailer of Fresh Flowers for Weddings and Corporate Occasions
Ref. AH148
Location : Fulham/Chelsea - London
Asking Price : OIRO £210,000 + net assets
Located in a prosperous part of London this chic upmarket florist supplies predominantly wealthy clientele and top end commercial clients with creative designs weddings and corporate occasions.
Established by the vendor is 2005, the florist has a superb position on a main road in London and enjoys much passing trade. Contracts and accounts are held with both private and commercial clients to supply floristry designs on a regular basis.
Memorable top quality flower and plant arrangements are supplied on either a daily or weekly basis to various top companies, establishing the right balance between the decor of a particular establishment to suit the taste of the clients.
The profitability of the business is gained from supplying affluent clients with all types of floral artistry that includes luxury hand tied wedding bouquets and floral centrepieces, a complete floral design service that is both distinctive and elegant.

 
Business Information
Turnover:£573,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Florists, Events Businesses, Wedding Services
Statistic Information
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Business Profile
Equipment:
Key strengths:
Key Opportunities: The sale of this business presents a rare opportunity to acquire a business that is profitable with major contracts in place and yet still has significant growth potential. The business is ideally situated in a prime position close to all major facilities with heavy footfall. Opening the doors to the public could have a major impact on sales and profitability in the future. The business premises are located in a highly prestigious area of London. Across the road from the premises the construction of 60 high-end apartments and town houses is presently nearing completion and this will undoubtedly offer very considerable opportunities to increase sales and profits.
Financial performance: The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover is circa £573,000 per annum with Gross Profit of £263,000 and EBITDA circa £90,000 before e the vendor’s drawings. Net Asset value circa £131,000 and includes two vans: 2011 Vito and 2013 Sprinter.
Asking Price: Offers in the region of £210,000 plus net assets are invited for 100% of the issued capital of the company, assuming Net Assets of £131,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment
Advertising and Marketing: The business has an excellent company website to highlight the floristry arrangements on offer. There are no proactive sales or marketing activities undertaken with orders secured by accounts, recommendation and referral. The unrivalled reputation of the business ensures that it is recognised by the most affluent of clients. The business has an informative website which highlights the top quality floral displays for different occasions.
Growth and Expansion:
Premises:
Business Hours: Monday – Saturday: 9am - 6pm
Employees: The owner employs 1 x driver 1 x florist 1 x admin 1 x assistant
Support and Training: Support and training will be provided for a negotiated period of time to ensure continuity of trading.

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