Old Established Florists (Teleflorist Agency) for Sale
Situated in a parade, excellent main road trading position, LONDON, W
Outstanding opportunity to acquire an old established Florists, which has been in the same hands for the past 15 years and is now solely offered for sale due to the vendor's retirement.
SINGLE FRONTED PREMISES with tiled floor (can be open front), electronic cash register, counter, display stands.
Work area, walk-in coldroom
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £2,000/£2,400 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.
The business is at present operated by a lady vendor with the assistance of 1 full time plus 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Single Bedrooms
3 Additional Single Bedrooms
Bathroom ,w.c. and wash hand basin
In addition there is a separate w.c. and wash hand basin
The accommodation is let as 5 rooms and provides a rental income of approx. £100 p.w. each i.e. at present in the region of £25,000 p.a.
We understand the premises are held on a 10 years lease from September, 2005 at a current rental of £22,500 p.a. exclusive of rates. We further understand that there was a rent review in September, 2010, however, further understand that no rental increase has been requested at the present time.
Uniform Business Rates: £3,400 p.a. approx.
AS STATED THIS OLD ESTABLISHED FLORISTS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view