History and Overview Of The Business
|
| Fully describe the business's activities |
The business is a Flower and Gift shop selling Flowers, Arrangements for all occasions with unique gifts to choose from. The business is well established and also has a bunch of regular clients. |
| When was the business established? |
Four and a half years |
| How long has the owner had the business? |
The owner started the business |
How Does The Business Operate
|
| How does the business operate on a daily basis |
Currently the store is staff run as the owner is overseas however the owner used to run the store themselves. |
| How are the clients attracted to the business? |
The clients love the store for its products, quality and service
Very busy shopping mall |
| What Advertising/Marketing is carried out? |
Various advertising and marketing is carried out by an appointed group
Advertising in the local paper by the owner |
| Does the business have any contract work? |
Yes, they deliver flowers for the reception areas of four business every week and three residential homes weekly as well, these are on account |
| What competition exists? |
The normal competition in the industry |
| Seasonal Trends? |
Valentines day and mothers day are very busy periods and then for the rest their is nothing in particular. Every order is different and they have standard offers (bunches, vases, baskets, etc.) and sorts of flower arrangements to choose from. |
Financial Information
|
| Vat Registered? |
No |
| Vat Documentation on File? |
Not registered |
| Management Accounts? |
Feb 2018 |
| Audited Financials? |
Management figures to May 2018 |
| What as Cash/Credit Split? |
Cash is more than 50% |
| Debtors Book Age Analisys |
All up to date |
| How can you improve the profitability? |
Having the owner present and in the business like the seller used to be while in the country definitely improves turnover and profitability
Then more contracts for businesses and residential |
| Is Seller Finance available and if so what is it? |
No, seller is open to offers however |
Staffing Of the Business
|
| What is the total number of Staff? |
Four, two permanent and 2 casual |
| Staff Breakdown |
1 x Manager - runs the store, invoicing, answering emails, ordering stock, etc.
1 x Florist - Makes all the floral arrangements
1 x Casual - relief for permanent staff
1 x Driver - is part time and self employed with own vehicle delivers and is paid per order |
| Staff Special Perks and Bonuses? |
No |
| Are the staff on Contract? |
Yes the two permanent staff members are |
| Does any of the staff have management potential? |
Yes the manger does |
| How involved is the Owner in running the business? |
Working on daily basis with the manageress on the progress of the day. Various things e.g. sales, purchases etc |
Premises Of the Business
|
| When Does the Current Lease ends? |
2021 |
| Is there an option to renew? |
By negotiation with the landlord |
| What is the annual escalation % |
9% |
| What are the Trading Hours? |
09:00-18:00 Mon to Fri
09:00-15:00 Sat
09:00-12:00 Sun |
| What is the square meters? |
27m² |
| Is a copy of the lease available? |
On file |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Asset list will be made available |
| Anything not included in the sale? |
The air conditioning |
| What is condition of the assets |
Good |
| Any Assets on Lease/HP that Buyer needs to take over? |
None |
| Are they insured at the moment? |
No |
SWOT Of The Business
|
| STRENGHTS |
Well known
Have some contracts with clients
Knowledgeable Staff in place |
| WEAKNESSES |
Owner overseas |
| OPPORTUNITIES |
More contracts both residential and businesses |
| THREATS |
Economy |
Summary
|
| Why is this a good business |
Since opening the seller has not looked back and the business worked well making good profits for the seller and she enjoyed the business
Business has good staff and some nice contracts, seller would focus on being involved and also building the contracts base if she had stayed. |
| Why is the owner selling it? |
Owner has immigrated |