Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R1,011,285
Monthly Profit
R 34,770
Asset Value
R 441,300
Stock Value
R 188,715
Yearly Net Profit
R 417,240

Summary

Profitable florist selling fresh and artificial flowers

Give me more information

Fully describe the business's activities?

This is a modern-day florist trading in fresh flower arrangements and strong sales of artificial flowers, which are growing year on year, complemented by accessories.
One of their specialties is being able to customise floral décor for birthdays, weddings, funerals, contracts, homes and functions.
The remarkable attention to detail is an important factor in the success of this florist.
Delivery service of 6 days a week is an added advantage, travelling as far as Westville and Ballito.

How does the business operate on a daily basis?

The business has walk-in customers and supplies to 34 businesses in the area.
It also attracts business through its Facebook page and via its website.

What Advertising/Marketing is carried out?

The business has a website and is also on Facebook.

What competition exists?

There are two other florists in the area.

How could the profitability of the business be improved?

The business could be increased substantially with a new owner giving their full attention and focusing on contractual business, hiring out and introducing additional items.

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

The owner - since taking ownership in 2015
Florist - 20 years experience
Florist - 17 years experience
Manageress - 15 years experience
Driver - 10 years experience

Do any have management potential?

There is a manageress who has shown good capability and can attend to all matters in the absence of the owner.

How involved is the Owner in running the business?

The owner is involved in the business on a daily basis but also has to spend time on other business interests; also does a lot the buying from suppliers although the florist and driver jointly do some buying three times per week.

When does the current lease end?

The current lease ends in October 2021.

What are the trading hours?

Monday to Friday = 09:00 to 18:00
Saturday = 09:00 to 16:00
Sunday = 09:00 to 15:00

What are the trading hours?

Monday to Friday = 09:00 to 18:00
Saturday = 09:00 to 16:00
Sunday = 09:00 to 15:00

What are the main assets of the business?

A full asset list is available on request.

Strengths?

This business is situated in a very popular shopping centre which offers ample free parking
It has been in business for 6 years so it is well established
It offers fresh and artificial flowers and the experienced florists are very talented at arranging the flowers
The driver knows the area well and is very efficient so he can do more deliveries than most

Strengths?

This business is situated in a very popular shopping centre which offers ample free parking.
It has been in business for 8 years so it is well established and it dominates the area because there is no direct competition in the area.
It offers fresh and artificial flowers and the experienced florists are very talented at arranging the flowers.
The driver knows the area well and is very efficient so he can do more deliveries than most.

Weaknesses?

No apparent weaknesses.

Opportunities?

The surrounding area is growing with businesses opening up and therefore a great opportunity to increase contracts to offices and hotels.
The business is situated close to affluent homes and gated estates.
A further opportunity exists with increased online sales via Facebook, website and other social media.

Threats?

Another florist could open in the area but not in the same centre and they would find it difficult to compete with such a popular and established florist.

What is the reason for the sale?

The current owner has other business interests and travels regularly and therefore finds it difficult to allocate more time to this one in order for it to reach its full potential.

Location

Contact | Enquire

Gary

Gary Gower

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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