Thriving Floral Boutique Based in Derby
£24,000
£84,000
£15,420
Overview
Leasehold
2004
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
- Low Overheads
Since its establishment in 2004, this floral boutique in Derby has been a cornerstone of its community, providing a wide array of floral arrangements and bouquets.
Owned by a dedicated husband and wife, the business has been operated by the wife of the partnership for the past 16 years, the boutique has built a strong reputation and amassed a loyal customer base over the years. Benefiting from a prime location, affiliation with Interflora, and a consistent stream of repeat business, this florist business offers a solid foundation for prospective owners.
With the husband approaching retirement age, the owners are now seeking to pass on the business, presenting an excellent opportunity for new ownership. The sale includes the potential for a negotiated transition period during which the current owners can assist in ensuring a seamless handover.
This established boutique represents an attractive proposition for individuals looking to step into a flourishing floral enterprise with existing clientele and huge potential for further expansion of the business.
Part of Interflora, the business benefits from nationwide reach whilst serving the local Derbyshire area. With a staff of two which includes the owner and a reliable delivery driver, the business is well run and established
Features spacious premises with a shop area, workroom, office, and ample storage. Outside, there's a partially covered private yard. Above the shop is a one-bedroom flat with private access, comprising a living room, kitchen, double bedroom, and bathroom. Prominent position within popular group of shops with free off-road parking directly outside. Annual rent: £4,420/year.
The owners hold approximately £4,000 worth of stock in addition to the asking price.
Stock includes:
Furniture, vases, pots, wedding vases sets and candle holders sets (some of them are brand new), premium quality artificial flower wall panels, Interflora sundries, large variety of wrapping papers and ribbons, etc.
Delivery van with Interflora logo and shop details can be sold to the buyer.
In 2021, transitioning to part-time operations, necessitated by parental responsibilities, led to letting go of part-time staff and adjusting working hours to 9am-3pm, Monday through Saturday. This resulted in a loss of after-work trade, prompting the decision to deregister for VAT due to reduced opening hours and order volumes.
During peak periods like Christmas, Valentine's Day, and Mother's Day, intentionally limiting orders from Interflora and local customers to roughly half the previous volume occurred. Restoring full shop takings could be achieved by increasing working hours and reinstating support during peak times. Closing the shop during vacations, previously covered by an assistant, results in six weeks of lost revenue annually.
Ceasing participation in wedding fairs has led to a decline in wedding-related business, though there is considerable growth potential in this area. Additionally, the disabled payment system on the owner's website hinders potential orders.
Features
Online Presence
Location
- Close to Local Businesses
- Nearby Car Parking
- Limited Competition