Hilton Smythe is delighted to welcome to the market this well-established and popular florist business, which is ideally located within Sussex.
The business was established over 12 years ago and was taken over by our client around 7 and a half years ago. The florist is now reluctantly, being offered to the market, due to our client's unfortunate health problems. The business currently operates 5 days per week and generates a turnover in the region of £97,000 per annum, with a gross profit of approximately 53%, as per the 2016 accounts.
Our client offers an extensive range of the best quality flowers and plants, using locally grown and unusual/exotic specimens. Flowers for all occasions are supplied including weddings, Mother's Day, funerals etc. Our client also offers a great selection of both indoor and outdoor plants, along with pots and planters, which are imported from various parts of the world, as well as a variety of gift cards, gifts and flower arranging courses.
The business has built up an excellent reputation within the area and further afield for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening for trade on Mondays, as the business is currently closed on that day. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. The business already has an excellent and informative website in place to promote the business, which offers online ordering facilities, as well as a page on the popular social networking site Facebook, which has 148 likes.
This is an excellent opportunity for a new owner to take this already popular and thriving business to the next level, or it would make an excellent bolt-on for an existing business wishing to expand; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: over 15 years
Remaining lease length: 5½ years, as of 2017
Rent: £6,360 per annum
HOURSThe below opening hours are temporary:-
Monday and Tuesday Closed
Wednesday - Friday: 9.30am - 5.30pm
Saturday: 9.00am - 4.00pm
STAFFThe business is owner run and managed with 1 x part time staff member, a delivery driver and wedding help.
FINANCIAL PROFILEThe business generates a turnover in the region of £97,000 per annum, with a gross profit of approximately 53%, as per the 2016 accounts.
This popular florist business occupies substantial ground floor premises, ideally located within a town in Sussex. The property is situated on a busy road and is surrounded by a wealth of independent shops and businesses, as well as densely populated residential areas, from which the business is well supported. The business further benefits from on-street parking facilities to the front of the premises.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is just over 10 minutes' walk away. The area is also well served by the A-roads, with one being within easy driving distance, which links to the national A-road and motorway networks.
Substantial ground floor property, which is in a prime trading location, briefly comprising:
2 x large display windows.
Racking and shelving to suit trade.
Greeting card display.
Various gift display areas.
Rear workroom with:
Racking and shelving.
Under counter storage.
Pavement display area.
On-street parking facilities.