Property description
This is a rare opportunity to acquire a top class florist in a monopoly trading position as the sole florist in the Moordown area. The award winning business has seen continual growth throughout the recession, whilst the immediate competition has been removed. The business has been established for over 30 years and has a rich customer diversity through walk in, telephone, relay and online orders. The business has an extremely loyal customer base and many well established contracts and accounts. The business is very well respected and regarded highly for both quality and service.
Offering a wide range of fresh and artificial flowers to an ever increasing clientele (including wedding venues, churches, funeral directors and other local businesses as well as the general public), the business could expand with ease and already has an enlarged online presence. This is an additional avenue of development for any purchaser wishing to advance this area.
The florist is well appointed and well-presented throughout; this is a big plus for a new owner as additional funds will not need to be spent as there is no immediate remedial work to do upon takeover (surveyors report available). Boasting 1,300 square feet of retail space, it is located on a busy parade with high passing footfall levels. With a minimum rental income of £750 pcm from the newly redecorated and refurbished first floor flat, the new owner would effectively be paying rent of £208 pcm for a flower shop and ground floor owner accommodation. This low overhead business offers a new owner an excellent base to build upon. The business consistently delivers increasing levels of revenue year on year, and a good income for the owner. It has been well priced for an efficient sale, and offers genuine room for future growth.
With turnover in excess of 100k and profits over 35k (accounts available), we urge early interest and viewing in this charming florist.
Property:
Leasehold
Lease terms:
19 years remaining of a 20 year lease.
Leasehold rent:
£11,000 pa
Location:
Prime central high street location with lots of passing trade.
Premises details:
Ground Floor: The business premises is wonderfully spacious with additional front curtilage for curb appeal. Behind the unit lies a one bedroom flat, kitchen, bathroom, outside yard area and private parking lot.
First Floor: Newly redecorated self-contained flat with 2 double bedrooms, massive lounge, walk in wardrobe, large bathroom, kitchen diner and attic space. Potential rental income of £850 pcm.
Support & training:
We can offer full support and training to any potential buyer to ensure a smooth handover.
Furniture / Fixtures value:
£3,500 (included in the asking price)
Inventory / Stock value:
£1,500 (included in the asking price)
Property Features :
- 19 years remaining on the lease
- Owners accommodation and two bedroom flat above
- Turnover £108k last year
- Only florist within the Moordown area
- Repeat customers and accounts