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Established Florist - Blackburn For Sale

Blackburn, Lancashire, UK
Asking Price:
£74,950 Furniture / Fixtures included
Sales Revenue:
£150,095
Cash Flow:
Available on request

Prominent Shopping Centre Location
Annual Turnover £163,364 Year End 31/03/2019
Gross Profit 68,012 Year End 31/03/2019
Further Financial Info Available After Viewing
Established 2010Retirement Sale
Interflora Gold Member
Fantastic Online Reviews
Potential To Expand Product Lines
Scope To Introduce Wedding Services
Comprehensive Website In Place
Strong Base Of Regular Customers
Retirement Sale

REF 7089 – Leasehold Established Florist
Blacks Brokers are pleased to bring to the market this leasehold florist located within a bustling and popular shopping centre.

INTRODUCTION
Stems Floral Design was established by our client in The Mall in 2010. The business offers a range of floral services including design and delivery and the business specialises in funeral services. Stems Floral Design is an Interflora Gold Member and has become very well known in this area having built a strong base of regular customers. Due to this excellent trading position, the business also benefits from a huge amount of passing trade. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Stems Floral Design has a comprehensive website in place.

LOCATION
Stems Floral Design occupies a prominent trading position within this very busy centre. The Mall is densely populated with a range of both independent retailers and large multiples such as Costa Coffee, River Island and high street banks. The area is well linked by the M65 with very strong public transport links and parking is available in the centres multi-storey car park.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease, this is the most common form of commercial lease. The current lease is a five year lease which began in 2016 at a cost of £288 per week – this price includes two parking spaces and a storage area. The lease is fully renewable.

BUILDING LAYOUT AND DESIGN
Stems Floral Design operates from a purpose built retail space. The business has large branding and signage on display above a fully glazed frontage with retail stand to the front. This is fitted with freestanding display units and a counter/servery area. There is also a spacious work room and storage area – this is fitted with a small kitchen and toilet facilities.

STAFF
The business operates with three part time members of staff in employment supporting our client and partner working on a full time basis. This includes two delivery drivers.

FINANCIAL DETAILS
Stems Floral Design has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £163,364. Full financial information is available upon request.

BUSINESS RATES
The business benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This reputable and well established business occupies an enviable trading position in a bustling shopping centre. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of wedding services and attendance at wedding fairs and events could be beneficial to this side of the business. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 09:00 - 17:30 SUN: 11:00 - 16:00

Contact Blacks Business Brokers

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