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Summary:
Reference: M2891
Accom: Yes
Turnover: £ 2,000 p.w.
Leasehold: £ 20,000
was £40,000

Finance
You can borrow £ 10,000 (lease) to purchase this business subject to status, with a house or additional security you maybe able to borrow the full amount.

Home » Businesses for Sale » West London » Florists » Garden Centres-Nurseries » Business Details

Advert Ref : M2891

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Old Established Florists (Teleflorist Agency) for Sale

Situated in a parade, excellent main road trading position, LONDON, W

Features

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

Turnover

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.

Staff

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.

Opening Hours

Monday - Saturday inclusive - 9.30 a.m. - 7 p.m.
Sunday opening - 12 noon - 3 p.m. (optional)

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Kitchen-Toilet
2 Single Bedrooms


Second Floor
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.

Tenure

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

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Viewing

Please call 020 8763 1777 for an appointment to view

Reference M2891

             

Selling your business? No sale No fee

If you own a business and are considering selling, visit our Sell a Florist or Garden Centres-Nursery section for a free no obligation valuation.

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