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20-Year Established Florist Business in Busy Sunderland Location for Sale

Sunderland, Tyne and Wear
Extremely well established florist in Sunderland Photo 1
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Extremely well established florist in Sunderland
  • Status

    FOR SALE

  • Date Submitted:

    10/01/24

  • Advert ID

    604826

  • Leasehold: £35,000 (Stock at valuation)
  • Rent: £15,000
  • Turnover: £322,000 (£6,192 Per week)
  • Net Profit: £17,000 (6% Profit margin)

Key Features

  • Accounts Available
  • Established Business
  • Offers Invited
  • Prime Location
  • Close to Local Amenities
  • Attractive Business
  • Fully Fitted
  • Company for Sale

Business Details

Extremely well established florist in Sunderland

This prominent florist has been an established business in the heart of the city of Sunderland  for over 20 years.

Loved by the locals and with a very healthy customer base, it is currently located in a busy area and sits directly opposite Sunderland royal hospital.

This business is to be sold with an abundance of goodwill and a high number of 5 star reviews on Google for superb customer service and quality.

Having owned the shop for over 11 years the current owner has an excellent reputation, generating excellent reviews for their attention to detail and care.
 

The business attracts a very regular clientele, in the shop itself as well as via the phone orders and it’s own very well established and successful website with same day flower delivery available to the local area. The current owner has built up an excellent online presence boasting a large following and fantastic reviews on their facebook page, enabling effortless engagement with clients on the platform. 

The business is run on standard hours by our client and her fantastic team of florists, who have many years of experience, six days a week using the most beautiful produce from around the world.

The business is currently run by the owner and manageress with several part time florists and a part time driver.

The florist occupies deceptively spacious retail premises as well as a seperate large workshop space. 

Extra sales could be generated from a larger product selection on the website, opening Sundays, sending regular emails to our growing number of mailing list subscribers which is currently at 5100 subscribers and currently an un-utilised marketing tool, setting up monthly flower subscriptions via the website, and offering wedding flowers and corporate flower services which the current owner currently does not offer. 

There is also scope to join one of the many relay companies to increase sales should the new owner choose to.

Therefore, the business offers a great opportunity with superb further potential.

The owner offers a complete business handover to ensure a smooth transition for the new owner. They will offer comprehensive training on the current day to day running practices of the business including how to easily run and update the website.

This is perfect for a florist who is looking to take over an established business.
This business could also very easily be adapted to run on an online and phone order basis.

It is being offered at a very realistic price to help with a quick sale and all serious offers will be considered.

After 24 happy years in the business, our client now wishes to take a very well-deserved break and is looking to re-locate to another area.

Turnover on accounts £322,390.
Gross Profit £164,416, Adjusted Net Profit circa £25,000 plus owner salary.

We therefore trust this will prove a resoundingly successful acquisition for an enthusiastic purchaser to continue to exploit the full potential and derive maximum profits. Request further details!

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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