Sold

Well-Established Florist Main Road Location

Chipping Sodbury, Gloucestershire

£37,500 +SAV

Ref: 13932 H

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Description

The business was established in March 2001 and has been under the successful management of the current owner since 2014. The business is reluctantly only being sold due to our clients wish for a change of direction.

The business is well established and has an enviable reputation and many existing customers. The sale includes an e-commerce website. The business enjoys good exposure on the internet and has a Facebook page with circa 225 likes.

Lucy Butler Flowers specialises in weddings, celebrations, sympathy and corporate flower arrangements and offers flower delivery in and around Chipping Sudbury. They also deliver direct to Bristol daily and offer a same day flower delivery Monday to Friday.

Scope for improvement
Advertising and marketing campaign
Extend opening hours
Maximise the use of social media
Introduce a loyalty card/scheme
Attend wedding fairs

Tenure

Leasehold

We are advised this is a Leasehold sale.

The current lease was originally for five years and there are 2 ½ years remaining as of 2017.

The rent is £10,500 per annum and we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with the new owner.

There are no business rates currently payable.

Hours

Monday to Friday: 9am – 5pm
Saturday: 9am - 4.30pm

Staff

The business is run and managed by the current owner.

Financial Profile

As of 2016 the business generated a turnover of approximately £100,000 with a gross profit of roughly 41%.

Location

Chipping Sodbury is a pretty market town in south Gloucestershire, the villages of Old Sodbury and Little Sodbury are close by. At the 2001 census the population of Chipping Sodbury was 5,066 but in the last decade the town has become part of a much larger built up area due to the rapid expansion of nearby Yate.

Lucy Butler Flowers is perfectly situated alongside other complimentary retail businesses on a main road position and has high levels of footfall and passing trade. There is free on street parking immediately outside the business and there is a free town car park a short walk away as well as a large Waitrose car park for which a small fee is payable.

The business is attractive, visible and well signed with a real upmarket look to it.

Premises

The business occupies the ground floor of a period terraced building, presented and maintained to the very highest of standards. It really is a very pretty shop.

Shop
Bay window to front creating a light and airy interior, recently installed (at some considerable cost) wood effect floorings, beamed ceiling with feature spotlighting, raised wooden plinths for the display of flowers in elegant vases, wall mounted electric heating, customer seating area with pretty table and chairs, central table designed around an upright, original wooden beam, bespoke tongue and groove counter with wooden top and generous wrapping area, till and card machine.

Flower Room
With a generous run of useful worktop and perimeter shelving and floor storage space.

Kitchen
With stainless steel sink and drainer and Triton water heater, range of base and wall units, fluorescent lighting.

Sign written Renault van used for deliveries is also included in the sale.

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