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LocationSouth Africa, Western Cape

Sector - Retail

Asking Price
R1,460,000
Monthly Profit
R 47,090
Asset Value
R 85,000
Stock Value
R 40,000
Yearly Net Profit
R 565,084

Summary

The business is a major player in the sale of fresh flowers in the Garden Route. Customers include churches, wedding venues, funeral parlours etc. Sales are impacted positively over periods such as Mothers Day, Christmas, Valentines Day, Matric Dances etc.

Give me more information

Fully describe the business's activities?

This business is a major player in the retail and wholesale sale of fresh flowers throughout the Garden Route region.

How does the business operate on a daily basis?

The business is well structured and able to buy in bulk and redistribute to local florists too.
Flowers are supplied for Weddings, Funerals, Churches, and businesses in the region.
The gift giving periods such as Valentines Day, Christmas, and Mothers Day are all significant as well as matric dances etc

What Advertising/Marketing is carried out?

Apart from website marketing there is little else required as well known by institutions and business's throughout the Garden Route.

What competition exists?

There are other florists but mainly retailers and none in the area with the same offering and infrastructure as this one has.

How could the profitability of the business be improved?

The business get requests for flower arrangments etc for weddings and other functions but they hand a lot of this business to 3rd parties.

Give a breakdown of staff/ functions/ length of service?

The staff are general workers who serve over the counter as well as work with the flowers and also prepare arrangements.

How involved is the Owner in running the business?

The Owners are involved on a daily basis

When does the current lease end?

Nov 2020

What are the trading hours?

Mon to Fri 08h00 - 17h00
Sat 09h00 - 11h00

What are the main assets of the business?

They have a big cooler room where the flowers are kept fresh

Strengths?

The business has sufficient storage facilities and a customer base that is large enough to enable them to buy flowers in bulk.

Weaknesses?

The shelf life and nature of flowers is such that the stock requires careful management and handling.

Opportunities?

Further develop the distribution base and also offer additional services such as management of flower arrangements at large functions.

Threats?

Despite flowers being perceived as a luxury commodity, sales remain consistent.

What is the reason for the sale?

The Owners have managed and grown this business significantly over the last few years and are in a position where they are wishing to retire.

Location

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Noel

Noel Heath

LocationSouth Africa

Preferred method of contact

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