Sectors / Category

Annual turnover

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  • Mandate: 32268
  • Added: 30 Jul 2018
  • AFS
  • 316

Well established florist in affluent residential area

Gauteng, Johannesburg
316
Mandate 32268
Added 30 Jul 2018
R 900,000* ZAR
Stock: R 70,000
Assets: R 354,000
R 40,704 ZAR
George Wray
(PRINCIPAL)
Aldes Gold
Gauteng, Glen Marais Kempton Park
Gauteng, Glen Marais Kempton Park
Summary

The florist has been in existence since 2005 and has a good reputation in the market. The owner as well as the staff are very passionate about the business which has ensured that they deliver beautifully presented floral arrangements without compromise. Committed and quality service is the motto of this business and they are also members of the Interflora network.

Well established florist in affluent residential area
SELLING PRICE AFS
R 900,000* ZAR
Stock: R70,000
Assets: R354,000
R 40,704 ZAR
Summary

The florist has been in existence since 2005 and has a good reputation in the market. The owner as well as the staff are very passionate about the business which has ensured that they deliver beautifully presented floral arrangements without compromise. Committed and quality service is the motto of this business and they are also members of the Interflora network.

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Fully describe the business's activities?
The business provides a full spectrum of floral arrangements and is part of the Interflora group which is the world’s largest, most recognized and respected flower delivery service.

How long has the business been established?
Since 2005

How long has the owner had the business?
Since inception.

How does the business operate on a daily basis?
The owner has a member of staff who opens and closes the business daily. The owner focuses on orders, invoicing and cashing up daily. Flowers are purchased from the Johannesburg Flower Market with accessories being bought from a local supplier.

How are the clients attracted to the business?
The business is well established and has a good number of repeat clientele. The business is also situated in a very upmarket Shopping Mall which caterers for a large affluent residential area.

What Advertising/Marketing is carried out?
Facebook and Instagram is used fairly extensively. The Shopping Centre also has monthly advertising campaigns which the owner participates in.

Does the business have any contract work?
None but they do supply many offices in the area on a monthly basis.

What competition exists?
None in the immediate area.

What are the seasonal trends?
Sales for the month of December does scale down due to the closure of many businesses during this time.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be made available to a serious buyer.

Are there up-to-date Management Accounts available?
March 2017 to Feb 2018

What Balance Sheet and Income Statements are available?
Only for the twelve month period ended Feb 2017.

What percentage of the business is cash/credit?
Cash 70 % Accounts 30 %

What is the age analysis of the debtors book?
Payments are usually made 7 days from statement date.

How could the profitability of the business be improved?
Focus more on internet based sales and also if possible import own required accessories.

Is Seller finance available and for what amount?
No

What is the total staff complement?
There are currently three staff employed. Two florist and one driver.

Give a breakdown of staff/ functions/ length of service?
Will be provided.

Are they on contract?
Yes.

How involved is the Owner in running the business?
Is at the business daily but does not need to be there for the whole day.

When does the current lease end?
A new two year lease has just been signed but a new lease will need to be negotiated by the new owner. The Centre will look at a longer lease arrangement if this is required.

What is the annual escalation %?
Currently 6 % pa

What are the trading hours?
Monday to Fridays 9.00 to 18.00 Saturdays 9.00 to 17.00 Sundays 9.00 to 14.00

What is the square meters of the business?
53 square meters.

Who is the Owner/Landlord?
City Properties.

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
One month plus one month in advance.

What are the main assets of the business?
The Renault delivery van and shop fittings/equipment.

Are any items not included in the sale?
No

What is their overall condition?
All good

Do any require repairing?
No

How have they been valued ?
Owners value vehicle based on market current value.

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
The business has a good trading history and has a reputable name in the florist industry.

Weaknesses?
None

Opportunities?
More use of Internet sales and accessories imports to avoid the middle man.

Threats?
None perceived at present.

What is the reason for the sale?
The owner would like to emigrate to the UK.

Why is this a good business?
The business has operated successfully for many years. Additionally Is also situated in a busy shopping mall which services very affluent clientele in the area.

What is the price plus stock and the net profit?
Selling price R 900 000 plus stocks R 70 000

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FRANCHISE DETAILS

Aldes Gold

1 members
4 active mandates
Gauteng , Glen Marais Kempton Park
Unit 9 Ouderkaap 5a Vlei Road 1619
Glen Marais Kempton Park
1619

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