Sold

A Lovely Specialist Florist

Milton Keynes, Buckinghamshire

£50,000 +SAV

Ref: B04330

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Description

Hilton Smythe welcomes to the market Ramsbothams Florist, which was established in 1957 and has been located in this shop since then. Our client purchased the business three years ago and due to family commitments, they are not reluctantly needing to sell. Ramsbothams are an established florist that have been delighting customers with flower delivery in Mil-ton Keynes and Bletchley since 1957. Rambothams Florists can provide flowers for all occasions, in-cluding weddings, birthdays, anniversaries, or simply just to show someone that you care! They are very experienced in providing flowers for funerals and have a reputation for providing uniquely personal floral creations as a special tribute at that difficult time.Ramsbothams have many repeat customers and are part of Interflora. They have 5* Google ratings and a fantastic and easily navigated website www.ramsflorists.co.uk.Although it is a profitable business the business could be developed further by; Opening SundaysCreating a social media pageConcentrating on website sales to increase the bottom line profit.Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a leasehold business opportunity. There is a 10 year lease from 2012 and an annual rent of £12,000.There are currently no business rates paid.The landlord is the son of the original owner of the business and is extremely flexible.

Hours

The business opening hours: Monday – Saturday: 8.30am – 5pmSunday: ClosedThe lease permits longer opening hours and Sunday opening should be looked into to increase turnover.

Staff

The business is run by our client, with the help of a part time manager and 3 florists, one of which is full time. There are 2 drivers covering the full opening hours.

Financial Profile

Ramsbothams generated an advised turnover of circa £207,610 as of the 2016 accounts, with a gross profit of £107,773, a net profit of £6,836 and an adjusted net profit (EBITDA) of £23,154.The assets being sold with the business are worth circa £10,000.The stock runs at an average of between £3-4,000, apart from Valentines, Mother’s Day etc, when the stock is higher.

Location

Ramsbothams Florist is located in Bletchley, Milton Keynes, Buckinghamshire, on a main shopping street among many different shops and businesses bringing in a high footfall. There is parking to the rear for three staff vehicles in a car park area and customer parking outside on the main road.Bletchley is a constituent town of Milton Keynes, in the ceremonial county of Buckinghamshire, Eng-land. It is situated in the south-west of Milton Keynes, and is split between the civil parishes of Bletch-ley and Fenny Stratford and West Bletchley.Bletchley is best known for Bletchley Park, the headquarters of Britain's World War II codebreaking organisation, and now a major tourist attraction. The National Museum of Computing is also located on the Park.

Premises

A corner shop position on a main shopping road with the entrance door directly off the footpath to the main shop area.With wood flooring, numerous wooden stands for flowers, candles, champagne etc. The counter has a till with Epos system, computer, storage under and behind the counter.There’s a door leading to the first work room with counters for flower arranging and shelving Another door leads to the second work room with further counters, retractable steps to the loft area, door to outside, door to kitchen, toilet and walk in flower fridge.The large loft area has room for storage plus other functions including another work area if required.The large walk in flower fridge has racking and a lockable safe storage cupboard.The kitchen area has sink, base units, fridge and microwave.There is a staff toilet.Outside has a small covered area and a yard which has access from the front, via the side of the building and to the rear to the staff parking area, which has parking for up to three cars.The business is being sold with a fully sign written ’64 plate Ford Transit Connect van.

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