Ref 7049 – Leasehold Florist
Blacks Brokers are pleased to bring to the market this leasehold florist located in Oldham, Greater Manchester.
Flowers By Sarah Jayne was established by our client in this busy area of Royton in 2008. The business specialises in weddings, funerals, gifts for all occasions, chocolates, balloons and hampers and is also an Interflora agent. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Flowers By Sarah Jayne has a comprehensive website in place.
Flowers By Sarah Jayne occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers including a barbers and sandwich shop as well as large multiples such as The Co-op and Lidl. The area is well linked by the M62 and A627(M) with very strong public transport links and parking is available in the surrounding area.
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s other business commitments being higher than anticipated, 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.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017 at a cost of £200 per week.
The business operates with our client only in employment.
Flowers By Sarah Jayne 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 £118,000 and net profit of £13,000. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This highly reputable and well established business occupies an enviable trading position in a bustling area of Oldham. 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 longer opening hours to include a late night and Sundays. There is also scope to expand the product range and introduce a strong marketing plan, possibly online and with the use of social media. 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. Business: £54,950.
Please quote ref: 7049