Florists for sale in Horncastle

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S Martin (Feb 2013)
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Leasehold Price: £74,995 Price Reduced Turnover: £406,000 Gross Profit: £80,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular greengrocer and florist business, ideally located in the market town of Horncastle, Lincolnshire.

The business was established in 1969 and has been in our clients careful ownership since 1989. Only now is the business being offered to the market due to our clients desire for semi-retirement. The business operates 6 days per week and generates a turnover in the region of £406,000, with a gross profit of approximately 20%.

Our client offers a wide variety of fruit and vegetables, exotic fruit and vegetables, fresh herbs, spices, fresh flowers and plants, as well as offering floristry work for weddings, funerals, flower arrangements and displays. A local delivery service is also available.

The business has built up an enviable reputation within the area for the high quality and freshness of the produce, as well as the personal services offered, which has resulted in a very loyal client base, with a very high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours of the business, perhaps by opening on Sunday. A new owner could also embark on a modest marketing campaign to promote the business and the goods offered. There is already has a website in place, which would benefit from online ordering facilities for the florist side of the business.

This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Heathers Fruit Shop & Florists occupies prominent two-storey premises, ideally located on a busy shopping street in the town of Horncastle, Lincolnshire.

The property is surrounded by densely populated residential areas, as well as a wealth of complimentary shops and businesses, therefore benefitting from a vast amount of footfall and passing trade. The business further benefits from car parking facilities within the area.

Horncastle is a market town in the East Lindsey district of Lincolnshire and has a residential population of 6,651. The town lies to the south of the Lincolnshire Wolds, where the River Bain meets the River Waring. Amenities within the town include primary and secondary schools, public houses, restaurants and a college.

The area of the property is served by the public transport system, with bus stops within easy walking distance of the property. The area is also well served by the A-roads, with the business being located within close proximity to the A158, which connects to the national A-road and motorway networks. Lincoln is approximately 23 miles away and Skegness is 20½ miles away.

PREMISES
Prominent two-storey premises in an ideal trading location, briefly comprising:

Ground floor with:

Multiple display stands to perimeter walls for fruit, vegetables, floral displays, plants and fresh cut flowers.
Service counter with electronic cash register, 2 x scales and credit/debit card terminal.
Upright chiller unit for herbs and salad produce.

Rear store room, fully shelved.
WC.
Cool room fully shelved.
Rear exit door.
Stairs to first floor.

First floor with:

Main florist workroom with perimeter worktops, shelving and central work surface area.
Store room with shelving and benches.

External:

Large canopied display area to front.

TENURE
We are advised Leasehold:

Original lease length: 15 years
Remaining lease length: 15 years
Review every: 5 years
Rent: To be advised.

HOURS
The business is open:

Monday - Saturday: 8.30am -5.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x part time and 1 x full time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £406,000, with a gross profit of approximately 20%.



Tenure: Leasehold

Listed by: Hilton Smythe
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