Summary
This long running (25 years) B2B Florist retains some unique as well as high profile business customers, who are very loyal, ensuring ongoing profits at a 19% Net Profit % on All Sales. Already some interested parties, so act quickly!
Give me more informationFully describe the business's activities?
As this is mainly a B2B Florist, the premises are run as a workshop rather than a retail store, and therefore can be relocated in Cape Town if desired.
Very loyal and talented Staff, who know exactly how to achieve the high standards that the loyal, well paying customers deserve.
Weddings and corporate arrangements round out the Revenue base, which leads to impressive profitability.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
How are the clients attracted to the business?
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
What are the seasonal trends?
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Another avenue is a subscription model, which is being successfully run in Gauteng by a different business.
Give a breakdown of staff/ functions/ length of service?
- Part time staff who assist him, also very experienced
- Half time Driver for deliveries
- Quarter time Admin lady
- External Accountant
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
What are the trading hours?
What are the main assets of the business?
Will Seller settle or Buyer to take over?
Strengths?
- Many successful designs of arrangements, limiting creative risk
- Has some large, unique business customers
Weaknesses?
- Slight forex exposure on imported flowers, although there are 5 main Suppliers so they keep each other in check
Opportunities?
- Create subscription model, leveraging existing delivery capabilities, for annuity income
Threats?
What is the reason for the sale?
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