Established Florist With Excellent Reputation Premium Advert

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Status
FOR SALE
Advert ID
200700
Reference
14071 J / RightBiz

Details

LOCATION
Georgies the Florist occupies a highly visible trading position on Basingstoke Road, Reading, Berkshire.

Occupying a prominent corner position taking full advantage of the busy roundabout linking Basingstoke road with Imperial Way and Whitley Wood Lane. The shop sits alongside a busy fish and chips business and large Lidl and car park.

There is also free customer parking directly in front of the florist. The business also faces the popular Whitley wood recreation ground. The centre of Reading is less than 5 mins drive away and the A33 connects drivers to the busy M4 motorway.

Reading is a large town on the Thames and Kennet rivers and is known for the annual Reading festival, shops and riverside restaurants. It has also become a popular place to live with improved rail and road links to London which is only 41 miles to the east.

Due to demand and excellent location, there is currently a multi- million pound new housing and retail park been built directly across from the florist which is targeted to more than double footfall.
BUSINESS
Hilton Smythe are delighted to offer to the market Georgies the Florist, established in 1941. The business has been run by members of the same family for over 30 years and only now is offered for sale for our client to concentrate on family commitments.

The business is renowned for sending flowers in Reading, Berkshire and North Hampshire. Currently 60% of the business is from telephone and website orders and the florist is a Interflora Gold member.

There is a separate consultation room for customers wanting to sit down and discuss their special requirements with our client offering a personal touch to every order.

With the addition of new families living in the area, the percentage of walk in customers should potentially more than double. Also wedding work demands a lot of weekend working which is hard due to our client having a new baby, she is aware the demand from new work will make this harder hence why deciding now is the best time to sell.

In addition to sales from flowers, there is an excellent choice of birthday and celebration accessories including balloons, teddies and chocolates.

Currently the florist uses the ‘Strelitza’ ordering system which also records all customers names, addresses and precious orders and there is an active database of over 2000 customers which will be handed over to any new buyer.

A comprehensive website is also included.

PREMISES AND EQUIPMENT
Very large premises with 2 x front retail areas, 2 preperation and stockrooms and lot’s of outside space.

Main shop - large front display windows, flowers display stands, retail shelving, service counter with till point and card machine.

Second retail area - contains 2 sofas and used as a consultation room.

Kitchen / staff toilet

Workroom 1 - fixed benches to both sides with large window overlooking the garden, preparation area, sink and shelving.

Storeroom/workroom 2 - raised wooden shelving and stock.

Rear store room - large area used to house the large stock of vases, candelabras and table designs.

External - 3m x 3m walk in chiller, large garden mainly used for storage to the rear and side of the property.

TENURE
We are advised leasehold.
The original lease length is 10 years.
As of 2017, 9 years remain on the lease.
Rent is £11,000 per year with 5 year rent reviews.

Currently business rates are not payable.

HOURS
The business currently opens:-

Monday to Friday 9.00am -5.00pm.
Saturday 9.00am to 1.00pm
Sunday closed.

STAFF
The business is owner run and managed with the assistance of 1 full time Florist and 1 part time Driver.

FINANCIAL PROFILE
According to the 2016 accounts turnover was reported at £156,440 with a gross profit at 36%.
Listing Details
Leasehold Price: £79,995
Tenure: Leasehold
Sector: Florists
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