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Shop for sale

Otley Road, Harrogate, North Yorkshire, HG2

54 sq. m. | £11,950

Property Description

Commercial information

  • Business for sale
  • 581 sq ft (54 sq m)

Key features

  • REF: 13280
  • LEASEHOLD
  • FLORIST

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Hearts & Flowers. The florist was originally established in this location in 2006. Our client then took over the business in 2013 and is now looking to sell the shop, due to the desire to focus on other interests.

The business runs as a florist selling a fantastic array of stock. The shop offers products for several occasions such as, funerals, wedding, parties, Mothers Day and all other seasonal holidays. The business also provides gifts, this includes hampers made to order and novelty gift planters.

The florist is currently generating an advised turnover of 26,000 per annum, with a gross profit of 31%. The new owner could consider several options in order to boost this figure. We feel that there could be a significant increase in turnover if the purchaser was to consider Interflora. Interflora is a large well-recognised florist business that can increase independent florists trade by a substantial amount.

An e-commerce website could also be a great asset to the business. Online orders and delivery are a great convenience to customers. The business is currently run and manged by our client. With more staff the florist could take more orders.

We are advised that this premises could be used for any other business type, in agreement with the landlord.

This is a fantastic Leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Hearts & Flowers is located in Harrogate, North Yorkshire.

The florist is set in a residential location, from which the business derives much of its trade. In the area, there are several independent businesses, close by there is a takeaway, Co-Op, hair salon, barbers, pub and a convenience store. The area boasts ample free on street parking.

Harrogate is a vibrant town within close proximity to York and Leeds. The town has an excellent town centre with a variety of retail outlets and bars. The area is popular with tourists as there is always something going on. Some popular events include, Harrogate Markets, Tour De Yorkshire, Knaresborough Festival, Ripley show and Countryside Live. This is a highly residential location with a population of circa 76,000.

The road on which the florist is located runs to the centre of Harrogate and connects to the A61. This is a prime trading location that sees a generous amount of footfall and passing trade. As well as great road connections, the town also benefits from a generous public transport network. There are bus stops dotted all around the town and the closest train station is in the centre of Harrogate, just a short 5-minute drive away.

PREMISES
Hearts & Flowers boasts a well-presented stone built property. The store looks highly welcoming with the large colourful sign and eye-catching window displays. At the front of the property there is space for outside plant sales.

On entry is the main retail space, this is bright and spacious. Around the perimeter there are flower displays set across different display cabinets and shelving. The counter is to the back of the shop. This is a bespoke counter with frontal displays. There are also LED lights fitted across the bottom for a modern feel.

Stairs lead down to the basement level. The bottom floor is used as the workshop and preparation room. This room is equipped with shelving racking and worktop space. To the rear is a garage and to the right is a store room which runs the full length of the shop. Kitchen facilities are also on this level.

Equipment included in the sale includes: -
Shelving
Bespoke shelving
Racks
Tables
Till

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 6 years
Remaining lease length: 3 years as of 2016.
Rent: 600 per month

HOURS
The business opening hours: -

Monday - Saturday: 9am - 5pm
Sunday: Closed

STAFF
The business is run and managed by our client.

FINANCIAL PROFILE
The business generates a turnover in the region of 26,000 per annum.
Gross profit 31%


Map & Street View

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