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The Pavilion Garden Centre, Bridgnorth Road, Pattingham, Wolverhampton, West Midlands, WV6 7EZ

Guide Price
£200,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Out-of-town retail property for sale

Key features

  • Established garden centre business
  • Available on new long term lease
  • Gross internal area 1033sqm (11,129sqft)
  • Strong concession rental income (c. £44k pa)
  • Affluent local catchment
  • EPC instructed
  • Christie & Co Ref: 4211009

Description

Description

A rare opportunity to acquire a going concern garden centre business on a new lease, located on a main A-road in an affluent area on the south west of Wolverhampton.
The garden centre is a long established business, well known in the local area and offers a great opportunity for a new operator to acquire the business on a new lease. Pavilion Garden Centre is a profitable business with considerable scope to grow the business.

Location

The garden centre is located on the A454 and is an extremely prominent landmark on this road, easily visible to vehicles travelling in either direction. The garden centre is well positioned to benefit from the high numbers of people living within a 20km radius of the site, at the last census this figure was approaching 1,300,000 people. Analysis of the more immediate population shows there to be around 40,000 people living within a 5km radius of the site and the demographic indicators are favourable with higher than national average employment, home ownership and numbers of individuals in the higher SEC 1 and SEC 2 groups, indicating higher levels of income.

The centre also benefits from a degree of passing and tourist trade, given its location between the Midlands and Wales, and close proximity to the Shropshire Hills area of outstanding national beauty.

Internal Details

The garden centre is a striking glasshouse offering a fantastic customer experience and charming garden centre retail area. The first floor is currently an office and storage, but offers scope for further retail.
The building is offered in a good state of repair, following several years of improvements and renovations by the current owner. To the front of the site is a large customer parking area, the maintenance costs of which are shared with neighbouring businesses. To the side of the centre is the goods in and storage and operations area. The plant area is a good size and offers a mixture of covered and non-covered retail.

The Business

The garden centre currently offers a limited range of products, focusing largely on Horticulture and pots and horticultural products. The outdoor living and garden furniture is run by a concession holder at present. In the last two years the business has increased the range of homewares, giftware and seasonal offerings but there remains much scope to continue to grow this side of the business.

The large plant area is well laid out, level and benefits from recent improvement works and now offers a great platform for an operator to drive this profitable aspect of the business.

Staff

The business is run by the owners with the assistance of a number of part time staff. The wage bill for the Year ending March 2023 was £135,479. The staff are anticipated to be transferring under TUPE.

Trading Information

Full accounting information is available to potential purchasers upon request. The business currently receives a strong rental income of circa £44,000. The garden centre has a strong retail performance with the adjusted net profit in both of the last two years being over £125,000.

Business Rates

The rateable value for the garden centre from April 2023 is £56,500. The current rates payable for the year 2023/ 2024 is £7,232.

Energy Performance Certificates

EPC 1

Brochures

The Pavilion Garden Centre, Bridgnorth Road, Pattingham, Wolverhampton, West Midlands, WV6 7EZ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Codsall Station4.7 miles
  • Bilbrook Station4.7 miles
  • Albrighton Station5.1 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 4211009-lh. 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 Christie & Co, Retail. 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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