Business 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. Gillys Lillys also has a contract with the local Gala Bingo who order 10-12 bouquets per month to give to their members on their birthdays. 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 fayres 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 5-year lease from September 2019, which will be renewed.
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: 9.00 am - 4.00 pm Wednesday: 9.00 am - 4.00 pm Thursday: 9.00 am - 3.00 pm Friday: 9.00 am - 4.00 pm Saturday: 9.00 am - 3.00 pm 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.
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