Shop for sale

Stratford Road, Milton Keynes, Buckinghamshire, MK12

410 sq. m. | £64,995

Property Description

Commercial information

  • Business for sale
  • 4,413 sq ft (410 sq m)

Key features

  • REF: 2291
  • LEASEHOLD
  • FLORIST

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Ruth's Floral Design Studio. The business is very well supported by the local community being the only florist in Wolverton. The business was originally founded by our client in 2004 seeing year on year growth to the profitable business it is today. The business reports a turnover of 150,000 with gross profit around 45%.

Ruth's Floral Design Studio operates from substantial premises with floral displays artistically arranged throughout. The business offers quality bespoke arrangements using quality flowers for all special occasions and events. The business has established a firm loyal client base seeing much repeat trade and word of mouth referrals. The business also has regular work from two local Funeral Directors. Additional revenue is generated from the sales of gifts, silk flowers, pot plants, balloons, dress jewellery and complimentary floral accessories.

The business has a fantastic interactive website www.ruthsfloraldesign.co.uk with e-commerce section showing some of the arrangements available, and a talking flowers section the only florist in Buckingham with this unique concept.

Our clients currently sub-let the first floor to a photographer and the second floor to a printing design studio on a 2 year lease agreement with landlord's consent. This yields a further income of 7000 per annum. The size of the premise lends to further sub-letting or the possibility of increasing the product range if required.

There is also a livered van used for deliveries available to purchase by separate negotiation.

This is a lovely business with a solid client base and enviable reputation and early viewing comes highly recommended. The business genuinely comes to the market as our client looks forward to semi-retirement.


LOCATION
The business is located in the constituent town of Wolverton in Milton Keynes, Buckinghamshire.

Ruth's Floral Design Studio occupies a prominent trading position within a very busy retail parade in the town centre ensuring a constant footfall. The business benefits from street parking to the front and a bus stop directly opposite. The business is also close to a large free car park and market area.

The Grand Union Canal passes around the northern and eastern edge of the modern part of the town. Wolverton is a busy residential area with a population of around 12,500. The town has a good network of bus routes and is served by its own railway station. The town sits just of the A5 and the M1 motorway is only a short drive away.

PREMISES
Double fronted mid parade premise briefly comprising:-

Good vibrant signage and large glass frontage for displays.

Ground Floor
Large shop area with window display area, divisions, tiered display units, display cabinets throughout. L shaped counter with till, glass display unit, computer, card terminal. Display racks with paper, ribbons and balloons. Glass display units with gift ideas and jewellery. Card display racks.

Seating area - table with 6 chairs, wall mounted tv screen showing video of their floral design work.

Stairs access to upper floors

Low level divider to large workshop area. Worktop counters, racking and shelving. Rear door leads to :

Stores. Kitchenette area and 2 toilet facilities. Beyond this there is additional storage area with rear access via garage doors with electric shutters

First Floor
3 rooms (in tandem) and toilet facilities.
Currently sub-let to a photographer

Second Floor
2 rooms
Currently sub-let as a print studio

There is street parking available to the frontage.

TENURE
We are advised leasehold.The original lease length is 7 years Reviewed every 5 years 2 years remain on the current lease. The rent is 20,000 per annum.
HOURS
The business opens:- Monday, Wednesday, Thursday and Friday 9.00am - 5.30pm Tuesday 10.00am - 5.30pm Saturday 9.00am - 2.00pm Sunday as required.
STAFF
The business is owner run and managed with the assistance of 2 part time members of staff.

FINANCIAL PROFILE
The business reports a healthy turnover of 150,000 with gross profit around 45%.

Nearest stations

  • Wolverton (0.3 mi)
  • Milton Keynes Central (2.5 mi)
  • Bletchley (5.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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

  • Wolverton (0.3 mi)
  • Milton Keynes Central (2.5 mi)
  • Bletchley (5.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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 2291. 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 Hilton Smythe, Bolton . 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.

Map data OpenStreetMap contributors.