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Leasehold:
£44,995

One Of Southamptons Renowned Delivery Florist Premium Advert

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Reference13981i / RightBiz
Status
FOR SALE
Advert ID198220
LocationSouthampton, Hampshire
SectorFlorists
Leasehold Price£44,995
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LOCATION
Something Special Florist is located on Victoria Road, Woolston in Southampton, Hampshire.

This is a busy street of complementary independent retailers which has seen recent investment and sits on the eastern bank of the river. Currently undergoing massive redevelopment including 300 new homes and apartments which will all positively help our clients’ business and current local footfall.

Woolston railway station is less than 5 mins walk. The A3025 and A3024 links to the A27 and M27 motorway. The area is incredibly popular with students and university staff working in nearby Southampton University less than. 2 miles away.

Free parking is available to both sides of the business.

BUSINESS
Hilton Smythe are delighted to offer to the market Something Special Florist. Established by our client in 1980 for 37 years and now offered to the market so our client can retire.

The business is an Interflora gold member and is one Southampton's renowned delivery florist, covering an area of approx 20 miles. Our clients large shop offers a wide range of fresh flowers, birthday gifts and balloons, combined teddy bear and flower arrangements, special occasion gifts including wedding ideas and confetti, teddy bears, ornaments, children's costumes including a large selection of ‘Frozen’ gifts and umbrellas, jewellery and very large choice of tiaras for proms and weddings.

Currently 80% of the sales come from Interflora deliveries and 20% from walk in retail sales, we feel, this area of the business needs to be developed and adding more complimentary ranges and more planting could add to current turnover. Adding more wedding work, liaising with local funeral directors to increase funeral arrangements and headstone work including some new advertising to local colleges, schools and universities for pro work would all add to current turnover mix.

The additional space to the lower ground is currently used as a workshop, however this space could easily be rented out separately or utilised by a new owner for additional business use. There is direct access to the rear car park to this space. We believe potential rental income from unused areas could easily add around £10,000 per annum.

The business has a comprehensive website included in the sale www.somethingspecial-Southampton.co.uk.

The unassuming building also offers accommodation to the first and second floors which again could be rented out for either residential or office space and is included in the complete business use of the current lease.

PREMISES AND EQUIPMENT
Main shop - large lit window display area to the left and a hexagon shaped glass fronted display cabinet for jewellery to the left. Balloon display, glass and wood display unit, wood and mirror display unit, raised rear flower display unit, overdoor heater, curved counter with till, pc and printer and balloon gas. Access to:-

Workroom - partitioned off area with glass and wood bottom panels, raised work bench, storage shelving, sink, ribbon and cellophane rolls and cutters.

Cold Room - cold flower store with shelving, storage cabinets.

Staff storage area, access to first floor, blocked up rear exit and access door down to lower level.

Lower level - Second flower work room with shelving and prep benches, ideal for large wedding work. Two further workrooms which extend under the shop front and packed with ceiling and wall shelving and double doors to rear carpark.

First Floor - staff toilet, kitchen with sink and wall and base units, hallway, large office/ storeroom or potential double bedroom which includes all stock, desk and shelving.

Front meeting room / additional store room or residential living room, currently used to store seasonal wedding window display items. Hallway, stairs leading to :-

Second Floor/loft space - currently our clients own store area with windows to both sides, ideal second double bedroom or office letting space

External - very large flat and secure rear car park for customers or rental occupants, 6-8 cars capacity. There is also a large free car park to the rear of the business

To the front is limited time car parking.

TENURE
We are advised Leasehold.

The original lease length is 15 years.

Our client has not renewed due to her wish to sell. We are advised the purchaser will need to renew with the Landlord who is eager to offer a new long lease.

Current rent is £ 7,500 per year.

The business currently does not pay business rates.

HOURS
The business currently opens to suit our client.

Monday, Tuesday, Thursday and Friday 8.30am-3.00pm.
Wednesday 8.30am -1.00pm,
Saturday 9.00am to 1.00pm
Sunday - closed

STAFF
Just owner who is full time, delivery help from her brother on a part time basis and some part time help when required from a self-employed Florist.

FINANCIAL PROFILE
As per the 2015 accounts the business generated turnover at around £70,540 with gross profit at circa 56%.
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