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Huge Potential For A New Ambitious Owner. For Sale

Basildon, Essex
Asking Price:
£39,999
Sales Revenue:
£70,000
Cash Flow:
Available on request

Business
The property would be ideal for a change of use; ideally a tanning shop or dog groomers!

Hilton Smythe welcomes to the market Gillys Lillys a flower shop that has been established in its current location since 2004 and owned by our client since 2014.

Due to ill health our client is now looking to sell.

Gillys Lillys is one of only two florists in Basildon and is located within a highly populated residential area close to Basildon Hospital and within walking distance of the town centre. Since ownership our client has added Yankee Candles to the sales lines, which have helped to increase turnover dramatically. These complement the sales of flowers and other gifts.

The business is well regarded locally having 5* reviews on Facebook and Google, the business is also being sold with the website ---.--------------------.--.--.

Gillys Lillys has a high percentage of funeral work, due to the fact that they are in touch with all the local residential homes and do leave free flowers at them. A 10% discount is also given to local hospital employees.

Although the turnover and profit has increased since our client has taken over there is still room to improve by looking at,

Attending local wedding fairs etc
Adding Champagne and Chocolates to the gift and delivery lines
Adapting the website to become an e commerce site
Become a member of Interflora
Extend the opening hours

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Gillys Lillys is located in Basildon, Essex, set within a shopping area within a highly populated residential area.

The other shops include a supermarket, chemist, café and take away food shops all bringing in a high footfall to the area.

There is ample free parking in the direct area.

Premises
Outside the shop is a covered area which is for display purposes.

Entrance door to the premises with card stands and steps up to the main shop area.

Numerous shelves for gifts etc, large corner Yankee candle stand, table and chairs, flower stands and counter with till.

Behind the counter is a lobby with doors to the toilet, store/kitchen and to the rear workroom.

The rear workroom has workbenches, area for balloons, ribbon and much more. Door to the outside and doorway to the flower fridge area.

A sign written ’59 plate Peugeot Expert van is also being sold with the business.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a brand new 10 year lease from 2018.

The annual rent is £5,000. Our client does not pay any business rates and the landlord is the local authority.

Hours
The business opening hours:
Monday: Closed
Tuesday: 9 - 4
Wednesday: 9 - 4
Thursday: 9 - 3
Friday: 9 - 4
Saturday: 9 - 3
Sunday: Closed

There are no restrictions on the lease regarding opening hours

Staff
The business is run and managed by our client.

Financial Profile
Gillys Lillys generated an advised turnover of circa £70,000 as of the 2017 accounts, with a gross profit of circa £52,000 and a net profit of circa £18,000.

In the 8-month period from September 2017 the business has had a turnover of £55,184.

The assets being sold with the business are worth in the region of £5,500.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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