Retail premises for sale

£225,000

Golden Square, Petworth GU28

Retail premises for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Hilton Smythe are delighted to present to the market Spriggs Florist, an outstanding floristry business with 40 years family trading history set within a highly desirable location and property.

This highly respected business is now been sold to allow our client to retire, however the family will ensure a successful handover to any new owner to ensure a smooth transition.

The business is still enjoying growth in sales with 2018/19 turnover expected to be 20% up the previous year resulting in approximately £500,000 for the 12 month period.

The business comes with 5 star reviews through Facebook and Google including an excellent website.

The philosophy of the business is simple, to offer beautiful flowers for all occasions, from birthday and get wells to lavish country weddings and product launches. The average spend is currently £40 for walk in customers and lavish wedding projects can see customers spending upto £10,000.

The experienced team offer full advice from start to finish including floral masterclasses.

We are advised 60% of turnover is derived from walk in trade and 40% from weddings, deliveries, funerals, corporate events, workshops and large independent houses.

Deliveries are managed in house with the use of their own delivery van.

The florist is always the number 1 choice for private work around the Goodwood Festival, the number 1 choice for nearby Rolls Royce Garage and the number 1 choice for the many weddings taking place at Goodwood House.

Our client admits they are lucky to still enjoy growth as they now run the business to suit, any new owner to the florist may look to grow many of the following options -


  • Increase the number of own deliveries

  • Expand the customer database especially around Goodwood Festival

  • Increase the number of Corporate clients

  • Attend more Wedding events to promote their excellent wedding service

  • Extend opening hours including Sunday’s

  • Add another florist location


We are very excited about the sale of this florist and recommend early viewing to avoid disappointment.

Location
Spriggs Florist is located in a unique listed building in the heart of Petworth, Lancaster House forms the link between the High Street and Golden Square and dates back to the 17th century. The building was refaced in the 19th century and was reportedly the home of a local Lord.

Petworth is a beautiful Market Town, a centre of Arts and Culture set in the heart is the South Downs National Park and surrounded by the walls of Petworth House and park. Petworth has recently been voted as the most desirable place to live and visit within the West Sussex County. It offers a year round diary of festivals, markets, exhibitions, craft fayres, music concerts and walks.

Petworth town is mentioned in the Domesday Book and particularly known for its stately home and grounds which now belong to the National Trust. The quaint streets are filled with period character houses and independent retailers specialising in antiques, local produce, afternoon teas.

The Town has become a destination for many form London, Surrey, Kent and Sussex looking to enjoy the grounds of Petworth House but to also peruse the many antique shops the town has to offer. Our client benefits from this desirable customer base who make a regular visit to the florist to pick up unique arrangements not available in their local areas.

The Town is located just off the A272 and is 6.5 miles east of Midhurst and 16 miles west of Horsham.

There is a large pay and display car park less than 2 mins walk from the Tearoom

Premises
Ground floor -

Central foyer / lobby area

Room 1 - main shower showroom with collection of bespoke display tables, raised shelving units, flower stands and decorative pieces

Room 2 - second display area which includes a consultation desk with pc

Workroom 1 - main preparation area with till point, card machine and client database

Workroom 2 - flower prep area with 2 x traditional sinks and workbench space

Cellar -

Large temperature controlled space with water supply, fixed shelving and flower storage stands, sink.

External -

Front display area adorns the main entrance with and pathway

Rear storage area with storage cupboard and staff toilet

Tenure
The Freeholder will offer any new buyer a new 10 year Lease with initial rent of £17,500 per year, the business benefits from small business relief for the current year.

Hours

Monday to Saturday - 9am - 5pm



Staff
The business is run and managed by our clients with 3 x full highly trained Florists.

Financial Profile
The business will report a new turnover in the region of £500,000 this year with an adjusted net profit of over £90,000.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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