Leasehold Florists Located In Cornwall

Falmouth, TR11 3QA
£19,950
Business ID:
#2570
£19,950
  • Ref: 2570
  • Type: Florists
  • Availability: For Sale
  • Veritas Categories: - Florists
  • Business ID: 2570
  • Commercial Tenure: Leasehold
  • Make Enquiry

Property Features

  • Ref 2570
  • Leasehold Florists
  • Established 40 Years
  • Interflora
  • Prime location

Full Details

Leasehold Florists Located In Cornwall
Ref 2570

Location
This established Florist business is located Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is situated within a prominent and highly visible trading position in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £19,950 plus SAV (£3,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Florists business which is located in Cornwall. The business has been established for 40 years and has been in the careful hand of our client for the past 4 years and is reluctantly being offered for due to ill health.
Since ownership they have kept the premises in good repair and the fixtures and fittings are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and employs the help of 2 part time members of staff and for year ending 31st March 2020 posted an annual turnover of £139,511 with a GP of £69,274 (50%). They are part of Interflora which equates to approximately 30% of the annual income. As well as providing flowers for every occasion The business also has a purpose built classroom where you can enrol to lean the art of flower arranging. This has proved to be very successful before the obvious problems of COVID.
We believe that there is further potential to increase trade by extending the opening hours and launching a marketing & advertising campaign for the new floristry school on the first floor. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday – closed
Tuesday – Friday – 10.00am – 4.00pm
Saturday – 10.00am – 3.00pm
Sunday – closed

Leasehold
Lease term: 6 years
Remaining: 2 years
Rent: £14,500 pa
Rates: zero

Ground Floor
Retail shop (13.0m x 5.3m) comprising: work table/sales counter with cash register, 3 work tables, window display with pine table, display units x 5, various book shelves, consultation area with desk and chairs, ceiling spot lights and wooden/laminate floor throughout.
Kitchen area (3.7m x 2.5m) with sink, tea & coffee area, microwave, fridge, storage units and chrysal dosage unit.
W/C with wash basin

First floor
Classroom (6.6m x 3.1m) with 4 work tables, storage racking, filing cabinet, and portable electric heater.
Storage room (2.7m x 2.1m) with various shelves.