This delightful business is located in the vibrant harbour town of Falmouth which has been voted one of the most desirable places to live in the UK. Falmouth offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University.
Asking Price: £39,950 plus SAV
Turnover: £196,768 net of VAT pa
Lease term: New 6 year lease available
Break Clause at 2 1⁄2 years
Veritas Business Sales are delighted to offer for sale this respected Florists business located in Falmouth. The business has been established for 40 years and has been in the careful hand of my clients for the last 5 1⁄2 years and is reluctantly being offered for sale but due to family commitments.
Since ownership they have continued to keep the retail showroom in good order and the business includes all fixtures & fittings which are all bought and paid for which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is independently owner operated and requires the help of 4 part time members of staff and has an annual turnover of £196,768 with a GP of 50%. They are part of Interflora which equates to approximately 30% of the annual income. They also retail, chocolates, teddy's, balloons, vases, key rings, book marks, greeting cards and photo frames. We believe that there is further potential to increase profits by the way of a husband & wife team operation to maybe cut the staffing costs. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.