Archived
Beautifully Presented Local Florist
Sutton in Ashfield, Nottinghamshire
- Asking Price: £13,950 +SAV
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Turnover:
The business generates a turnover in the region of £30,000 per annum, with a gross profit of approximately 50%.
- Tenure: Leasehold
Hilton Smythe is delighted to welcome to the market this well-established and popular florist business, ideally located within the village of Stanton Hill, Nottinghamshire.
The business was originally established in the 1920s and has been in our client’s careful ownership since 1982. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement.
The business operates 5½ days per week and generates a turnover in the region of £30,000 per annum, with a gross profit of approximately 50%.
Our client offers a wide range of floral designs for weddings, funerals and special occasions, as well as cut and silk flowers, plants, vases and accessories.
The business has built up an excellent reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a good 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 longer on Saturdays. A new owner could also embark on a modest marketing campaign to promote the goods offered and introduce a website to advertise the produce.
This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
The business is owner run and managed.
The business is open:
Monday – Friday: 8.30 am – 5.30 pm
Saturday: 9.00 am – 1.00 pm
Sunday: Closed
Mosley’s Florist occupies substantial two-storey premises, ideally located on the busy High Street within Stanton Hill, Sutton-in-Ashfield, Nottinghamshire.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.
There are many densely populated residential areas nearby, from which the business derives much of its trade.
Stanton Hill is a small village in the Ashfield district of Nottinghamshire. The village is located three miles west of Mansfield and one mile north-west of Sutton-in-Ashfield, which is a market town with a population of approximately 45,800 residents.
One of the main tourist attractions in Sutton-in-Ashfield is the largest sundial in Europe. It is located in the middle of Portland Square, adjacent to the Idlewells Shopping Centre.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property.
The nearest railway station is situated in Mansfield. The area is also well-served by the A-roads, with the A38 being within easy driving distance, which links to the national A-road and motorway networks. Chesterfield is approximately 11 miles away and Nottingham is 18½ miles away.
Two-storey mid-parade premises in a prime trading location, briefly comprising:
Ground floor with.
Main sales and display area
Perimeter shelving
Flower stands
Window display area
Card display rack
Serve over counter with electronic cash register and credit/debit card terminal
Rear room with table & chairs, currently used as a living/work area
Fitted kitchen
First floor:
2 x rooms, currently used for storage but could be adapted for a living area or bedrooms
Bathroom.
External with:
Small display area to front of premises
Car parking facilities to rear for 2 x vehicles
Tenure
We are advised Leasehold:
Original Lease length: 5 years
Remaining lease length: rolling contract
Review every: 5 years
Rent: £330 per month
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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