Florists for sale in Plymouth

View the "ESTABLISHED FLORIST - Plymouth" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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C. McFarquhar (Apr 2017)
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Leasehold Price: £22,500 Annual Turnover: £71,000
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Business Description

The premises are located at 51 Hyde Park Road, Peverell, Plymouth, PL3 4JN.

This long established florist, part of the E-Florist network, occupies a prominent corner trading position on a busy thoroughfare off Mutley Plain, adjacent to two schools and serving the densely populated and generally wealthy catchment area of Peverell and Mannamead.

The business has a loyal following with regular repeat business and customer recommendations and as a result some clients travel a distance to access the shop. Wedding bookings vary but tend to be 1-2 per month, regular venues being Shilstone Manor and Pentillie Castle. As well as the usual range of florist gifts, the vendor makes batches of hand-made greeting cards and silk floral arrangements which prove popular.

Offered as a result of the planned retirement of the current owner, rent is modest and with no business rates to pay running costs are low. Easy to run, this could be an ideal first business venture for a qualified florist or someone looking to enter the trade. A van is available to purchase by separate negotiation.

We understand that a florist has traded from this site for many years, the current owner having acquired the business c 1995.

Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £71,321 were reported for the year ended 30 April 2016 generating a healthy gross profit margin of 54.7%.

More detailed financial information will be made available to interested parties following completion of a form of confidentiality agreement and after an exchange with Adams & Co regarding background, reason for interest, financial position and ability to proceed.

The vendor is now looking to retire. She would be prepared to work with a new owner on a part-time basis at least for a period after the sale if this would be of assistance.

The vendor had been working c 25-30 hours per week but following the recent departure of a full-time florist, who had been with the business for many years working c 32 hours pw, she has increased her hours temporarily pending recruitment of a replacement. A part-time driver is also employed (c 10 hours pw). The change in staffing does offer more flexibility to the new owner and the reduced wage bill will also serve to boost underlying profitability.

Monday to Friday: 9.00am to 5.00pm
Saturday: 9.00am to 1.00pm
Sunday: Closed

(all sizes are approximate & should be considered 'nominal'.)
The shop occupies part of the ground floor of a period end of terrace property standing in a prominent corner position. To the rear at ground floor level there is a studio flat, which shares WC facilities with the shop, and we understand that there is a further flat at first floor level. Both flats are let separately by the landlord. There is also a basement but this has remained unused for many years and does not form part of the shop lease.

We understand that the shop front was replaced c 10 years ago. This comprises twin display windows in a metal frame with smaller glazed panels over, a matching glazed panel to one side on the street corner and a matching entrance door, centrally set. Street signage is prominent and eye catching. There is space on the pavement outside for a small removable display. The front door opens into:

Shop Unit (6.4m x 5.2m approx.):
Of slightly irregular shape. Small wooden window to right hand side (currently obscured) overlooking the open yard space to the side. Wood panel ceiling with fluorescent lighting. Spotlighting over the front windows. Vinyl floor covering with inset door mat. Deep wooden window sills suitable for attractive displays, one with fitted cupboard under housing meters etc. Painted textured wall surfaces.

Floral displays on painted wooden staging (3 heights with concealed storage space under) with further matching stands and painted tables. Wide metal frame shelving unit with angled mirror feature to one side, this accommodating a display of glassware, bears and other gifts. Further wooden wall shelving used for displays. Consultation table with 3 chairs. Chest height wooden table to rear wall accommodating pc, keyboard and printer. Wooden unit below. Wooden stool. Further wooden staging centrally set with freestanding work surface to the side and open storage under.

Towards the rear on the left hand side further wooden shelving accommodating an electric cash register with space for the storage of ribbons etc. Wooden unit for wrapping papers.

2 steps down to lockable wooden door to inner hallway, which is shared with the occupant of the studio flat at the rear of the ground floor in view of the shared WC facilities. The hallway is carpeted. Meters and consumer units wall mounted to end wall relate to the studio flat. A locked wooden door represents former access to the now unused basement, which does not form part of the shop lease. A further door at the end gives access to a rear hallway used by the flats and representing an alternative emergency exit from the shop in case of need.

Wooden doors to:

Shared WC:
Upvc obscure double glazed window to the side elevation. Vinyl floor covering. Low flush WC. Wall mounted ceramic wash basin with Triton electric water heater over.

Large Store Room/Prep Room (4.4m max plus alcove x 3.4m approx.):
Lockable door. Wooden sash window overlooking storage yard. Vinyl floorcovering. Fluorescent light. Deep ceramic sink with tiled splash back and mirror over. Double floor cupboard with single wall cupboard over. Beko fridge. 2 x wooden work surfaces with open storage under. Freestanding wooden shelving unit. Full height deep wooden staging for storage of stock. 3 drawer chest with 2 drawer chest under. Fitted full height shelving to alcove.

Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

(all sizes are approximate & should be considered 'nominal'.)
None. However, the shop does form part of a larger property with a studio flat at ground floor level to the rear and a further flat at first floor level, each let separately by the landlord. Accordingly, it may be possible for a new owner to live adjacent to the shop in the future, subject to one of the flats becoming vacant.
To the right hand side of the shop, enclosed by lockable wooden gates, there is a useful open yard space potentially suitable for a range of uses.

The premises are held under a 15 year lease from 6 March 2008 which therefore runs until 5 March 2023. Whilst we understand that the lease does not contain an automatic right of renewal, the premises form part of a busy commercial thoroughfare and future redevelopment seems most unlikely. The landlord remains responsible for all structural and exterior maintenance and no property insurance premium or service charges are payable. Rent of £170 per week, whilst subject to 3 yearly review, has remained unchanged since 2008.

Certificate no: 9740-3028-0132-0400-1125 Rating: 101 Band E
Tenure: Leasehold

Listed by: Adams & Co
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