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Well Established Florist In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,850,000
Cash Flow:
R280,000

This well-known Florist which has operated successfully for the past 25 years (6 years by current owner), is situated in a small but busy shopping centre.
There is steady walk-in trade however, 80% of business is done through a loyal corporate customer base.
The business boasts 2 well trained and talented florists and is a member of both Interflora and Teleflorist. Bloomable is a local partner with international partners in both the UK and Spain.
Experience is not essential as training will be provided through Interflora.
The average turnover is R1.8mil pa with a long lease in place.
There is significant opportunity to expand the business which is currently untapped.
The owner is forced to relocate and is keen to sell as soon as possible.
Selling price – Reduced to R600k (excluding stock).
Furniture, fixtures and fittings are included in the selling price.

Property Information

Real Estate:

Lease

Lease Terms:

5 years with option to renew for a further 5 years

Leasehold Rent:

R144,535 per annum

Location:

Small but busy shopping center

Premises Details:

Retail shop

Size in square feet:
46sqm

Business Operation

Expansion Potential:

Great potential to expand especially weddings and functions

Competition / Market:

None in immediate area

Reasons for selling:

Owner is forced to relocate

Trading hours:

Mon - Fri: 8.00 AM to 4.30 PM
Sat: 8.30 AM to 11.00 AM

Employees:
4
Years established:
25 (6 years current owner)

Other Information

Support & training:

Full training will be provided through Interflora

Furniture / Fixtures value:
R150,000 - included in the asking price
Inventory / Stock value:
R50,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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