Shop for sale

Regent Street, Leamington Spa, Warwickshire, CV32

£94,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Established business
  • Repeat trade
  • Prominent location
  • Genuine retirement sale
  • Ideal bolt on

Full description

Tenure: Leasehold

Licensed Leasehold Florist Business For Sale In Leamington Spa
Ref 2030

Location

This outstanding concern is located in the heart of Leamington Spa town centre with wide boulevards, Georgian and Edwardian architecture and expansive, award-winning parks provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Business information

Asking Price: £94,950 plus SAV
Turnover: £200,000 per annum
GP: 40%
Stock: £1,500

Leasehold

Original term: 6 years
Remaining: 5 years (3 year break)
Rent: £15,540 pa
Rates: £3,670 pa

Business Description

Veritas Business Sales are delighted to offer for sale this respected Florist concern which is located in the desirable town of Leamington Spa. The business has been established for 35 years and has been in the careful hand of my clients for the last 9 years and is reluctantly being offered for sale but they are now due a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which 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 requires the help of 1 full time and 2 part time members of staff and has an annual turnover of around £200,000 with a GP of 40%. They pride themselves on working with high grade flowers and use English blooms and foliage whenever available. They offer an International Relay Service which equates to approximately 50% of the annual turnover and the remaining 50% comes from a large number of weddings and corporate work on a regular basis, with future bookings already taken along with repeat trade and walk in clients. They also retail a fine range of gifts, cards, chocolates, cuddly toys, hampers & baskets, vases, wines and champagne. We believe that there is further potential to increase what is already a thriving business which 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 - Friday - 9.00am - 5.30pm
Saturday - 8.30am - 5.00pm
Sunday - Closed

Ground Floor

Retail comprising: 2 x display windows, flower display stands, retail display furniture, sales counter with cash register and PDQ machine, 2 x work tables, sink unit and storage shelving.
Store room/staff area with sink, microwave, fridge and table.
W/C and hand wash basin

External

Shared rear yard with bin area



Nearest stations

  • Leamington Spa (0.4 mi)
  • Warwick (2.1 mi)
  • Warwick Parkway (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Leamington Spa (0.4 mi)
  • Warwick (2.1 mi)
  • Warwick Parkway (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2030. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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