AN ESTABLISHED FLORIST WITH AN ENVIABLE REPUTATION AVAILABLE UPON RETIREMENT WITH EXTENSIVE FREEHOLD PREMISES

Reference: 
5010
Enquire about this property
£190,000
Freehold
For Sale

We are delighted to offer for sale a florist that has established an excellent reputation over 40 years of trading, only now available due to retirement.

The business occupies a prominent position on one of the town’s main arterial routes ensuring an excellent level of visibility and passing trade, with the extensive freehold property providing an attractive shop with excellent potential.

Consistent turnover of circa £150,000 per annum, with an impressive gross margin of over 50%

 

PRICE:  OFFERS ARE INVITED IN THE REGION OF £190,000

FOR THE BUSINESS AND FREEHOLD PROPERTY.

 

STOCK TO BE TAKEN OVER AT VALUATION

 

Location

The florist occupies a prominent position on Nottingham Road, one of Alfreton’s main arterial routes ensuring an excellent level of visibility and passing trade.

Alfreton is a town and civil parish within the Amber Valley borough of Derbyshire, being conveniently accessible with good transport links and access to the M1 Motorway network, lying approximately 14 miles north of the city of Derby, and approximately 15 miles to the north west of the city of Nottingham. The urban district has a population in excess of 20,000. The market town of Chesterfield is approximately 10miles to the north west.

 

General Information

Founded by the current owner over 40 year ago, the florists has established an excellent reputation for creating, supplying and delivering quality bouquets and floral arrangements throughout North East Derbyshire and the East Midlands.

Currently the business open 6 days a week and provides a range of designs suitable for all occasions, with a well-considered and wide range of gifts to accompany the beautiful floral arrangements including chocolates, wines and Champagne.

The business benefits from a Gold Interflora member status which the new owner could take on subject to application and approval from Interflora and is able to send flowers locally, nationally and internationally, offering a 3-hour service, same day service or designated date service as required.

The florist also offers a design to order service that is available 6 days a week to include hand ties, baskets, plants and arrangements to suit all styles and budgets. The business also undertakes to provide bespoke and personal designs for funerals and in sympathy.

The business is currently performing very well with the owner and a small team of knowledgeable and friendly staff who have been with the owner for many years. The business currently benefits from a number or regular contracts for local businesses, and has a wide and loyal customer base.

The business is being offered for sale upon retirement.

 

Accounting Information

This would be provided to genuinely interested parties upon proof of financial ability.

At this stage we are able to confirm the turnover is approximately £150,000 with a gross margin of approximately 50%. The business has shown consistency over the years, and provides exceptional potential for expansion.

 

Premises

The freehold premises are being offered for sale, providing a rare opportunity to acquire the extensive premises with the established business. A fully sign-written van is also available if required.

The ground floor provides an extensive sales and display area, with beautifully presented flower displays leading to the counter area. Beyond the counter area are two preparation areas, a kitchen area, WC facility and a cool store room. Outside is a low maintenance courtyard area, with a shed providing additional storage space if required.

The first floor accommodation is currently utilised as a private consultation area, with additional storage beyond. This accommodation was formerly residential, providing a comfortable two bedroom flat.

This provides excellent potential for the purchaser, providing the opportunity to expand the business further with the first floor accommodation, or even to sub-let this accommodation if not required to a complimentary business to provide an additional income.

Alternatively this accommodation could be converted back to residential, subject to any relevant planning/ building regulatory consents, to provide a two bedroom flat either as owner’s accommodation or to be let out separately to provide an additional income.

 

Leasehold Option

The owner would also consider a sale of the business only, and on which basis would provide the premises with the benefit of a new lease – the term and terms to be negotiable.

 

Rates

Entered  in the Rating List  at £3,650 Rateable Value under the description of Shop and Premises. The premises are within the Amber Valley local authority.

N.B.  A successful application for small business relief will exempt the occupier from payment of non-domestic rates under current arrangements...