Hilton Smythe welcomes to the market Ruth’s Floral Design Studio. The business is very well supported by the local community being the only florist in Wolverton. The business was originally founded by our client in 2004 seeing year on year growth to the profitable business it is today. The business reports a turnover of 150,000 with gross profit around 45%.
Ruth’s Floral Design Studio operates from substantial premises with floral displays artistically arranged throughout. The business offers quality bespoke arrangements using quality flowers for all special occasions and events. The business has established a firm loyal client base seeing much repeat trade and word of mouth referrals. The business also has regular work from two local Funeral Directors. Additional revenue is generated from the sales of gifts, silk flowers, pot plants, balloons, dress jewellery and complimentary floral accessories.
The business has a fantastic interactive website www.ruthsfloraldesign.co.uk with e-commerce section showing some of the arrangements available, and a talking flowers section the only florist in Buckingham with this unique concept.
Our clients currently sub-let the first floor to a photographer and the second floor to a printing design studio on a 2 year lease agreement with landlord’s consent. This yields a further income of £7000 per annum. The size of the premise lends to further sub-letting or the possibility of increasing the product range if required.
There is also a livered van used for deliveries available to purchase by separate negotiation.
This is a lovely business with a solid client base and enviable reputation and early viewing comes highly recommended. The business genuinely comes to the market as our client looks forward to semi-retirement.
The business is located in the constituent town of Wolverton in Milton Keynes, Buckinghamshire.
Ruth’s Floral Design Studio occupies a prominent trading position within a very busy retail parade in the town centre ensuring a constant footfall. The business benefits from street parking to the front and a bus stop directly opposite. The business is also close to a large free car park and market area.
The Grand Union Canal passes around the northern and eastern edge of the modern part of the town. Wolverton is a busy residential area with a population of around 12,500. The town has a good network of bus routes and is served by its own railway station. The town sits just of the A5 and the M1 motorway is only a short drive away.
Double fronted mid parade premise briefly comprising:-
Good vibrant signage and large glass frontage for displays.
Large shop area with window display area, divisions, tiered display units, display cabinets throughout. L shaped counter with till, glass display unit, computer, card terminal. Display racks with paper, ribbons and balloons. Glass display units with gift ideas and jewellery. Card display racks.
Seating area – table with 6 chairs, wall mounted tv screen showing video of their floral design work.
Stairs access to upper floors
Low level divider to large workshop area. Worktop counters, racking and shelving. Rear door leads to :
Stores. Kitchenette area and 2 toilet facilities. Beyond this there is additional storage area with rear access via garage doors with electric shutters
3 rooms (in tandem) and toilet facilities.
Currently sub-let to a photographer
Currently sub-let as a print studio
There is street parking available to the frontage.
We are advised leasehold.
The original lease length is 7 years
Reviewed every 5 years
2 years remain on the current lease.
The rent is £20,000 per annum.
The business opens:-
Monday, Wednesday, Thursday and Friday 9.00am - 5.30pm
Tuesday 10.00am - 5.30pm
Saturday 9.00am - 2.00pm
Sunday as required.
The business is owner run and managed with the assistance of 2 part time members of staff.
The business reports a healthy turnover of £150,000 with gross profit around 45%.
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