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Retail premises for sale

£39,995

72-74 New Broadway, Coalville LE67

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Property description

Business
Hilton Smythe welcomes to the market Broadway Florist. This business was originally established in 1998. Our client took over the business in 2009 and is now looking to sell due to the desire to take a well-deserved retirement.

The business runs as a traditional Interflora florist, we believe this is the only Interflora in the town. They sell a range of fresh cut and silk flowers, and provide products for weddings, funerals, parties, presentation bouquets and more. The store also runs as a sweet shop, selling a wide selection of loose and gourmet sweets. The sweet shop is highly complementary to the florist and generates a great extra income.

The business is currently generating an advised turnover of around £160,000 per annum with a gross profit of 45%. One way the new owner could boost this already healthy turnover would be to open longer hours. The precinct is open till 7pm so the new owner has the option to open later.

There is also a website link which is still undergoing work. The new owner should look to get this site set up in order to take online bookings from a more further afield.

The location allows the business to receive a large amount of repeat loyal trade. There are generous amounts of footfall daily which benefits the store. We are advised that our client also receives regular work from commercial clients such as housing developers looking for displays for show homes. This is a great source of income and should be something the purchaser looks into expanding.

This is a fantastic opportunity for a husband and wife team with the creativity spark. Hilton Smythe highly advise early viewing to take in the full potential of this florist and sweet store.

Location
Broadway Florist is located in Coalville, Leicestershire.

The florist is situated on a shopping precinct on a main high street in the town. This is a pedestrianised area that is secured each night with gates that lock between 11pm and 7am. This is a large shopping area with a plethora of stores. There are many large independent brands here such as a Card Factory, Bonmarche, Wilko, Argos, Poundland and several other small independent stores.

This is a great location for a business as it is a main shopping location and most residents visit the precinct due to convenience. The business is located just a short 2 minute drive away from the A511. This a-road connects to the M1 motorway and the A50 at Burton Upon Trent.

Just outside the shopping precinct are bus stops with regular routes into Loughborough and Leicester. The closest train station is a 25 minute drive away from the area.
Premises
The business boasts a well-presented property within a pedestrianised shopping precinct. The property is well-signed and looks presentable. There is a covered canopy over a walkway at the front of the shop. Across the front of the store is a display area for flowers and plants.

Single door entrance into Florist side with:

Window display area

Large three tiered flower display stand.

Perimeter display areas

Open plan shop with shop counter, 1 x till, card display stand, ribbon and cello wrap racking.

Separate work counter with low level storage cupboards

Work benches.

Rear office with viewing window to shop, storage to perimeter walls, additional work bench with storage underneath, telephone/fax machine, printer, desk top computer.

Kitchen Area


W/C


Storage cupboard – fully racked

Rear exit door to loading bay.

Linked internal door into sweet shop (from florists shop)

Sweet Shop with:

Display shelving to perimeter walls.

Shop counter with 1 x till, scales

Additional work top with storage below.

The precinct has gates that close at 11pm till 7am. There is a rear loading area with two allocated parking spaces.
Tenure
We are advised the business is being sold as a leasehold opportunity.

Original lease length: 5 years

Remaining lease length as of 2016: 5 years

Rent: £12,000 per annum
hours
The business is opening hours-

Monday: 8:30am – 4pm

Tuesday: 8:30am – 5pm

Wednesday: 8:30am – 2pm

Thursday: 8:30am – 5pm

Friday: 8:30am – 5pm

Saturday: 8:30am – 4pm

Sunday: Closed

The business does open on some Sundays such as Mother’s Day.
Staff
The business is run and managed by our clients with the help of 4 part time members of staff.
Financial profile
The business generates a turnover in the region of £160,000 per annum.

Gross profit 45%

What Zoopla users think of Coalville

Overall rating:

  • currently 4 stars
Very good - 80% (48 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
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Community & safety
  • currently stars
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  • currently stars
  • 1
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  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
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  • 1
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  • 5
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  • currently stars
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Nearby transport

  • Loughborough (8.3 miles)
  • Barrow-upon-Soar (9.5 miles)
  • East Midlands Parkway (10.7 miles)
  • East Midlands Airport (7.7 miles)
  • Birmingham International Airport (24.5 miles)
  • Coventry Airport (24.9 miles)
  • West Lynn Ferry Landing (73.8 miles)
  • King's Lynn Ferry Landing (73.9 miles)
  • Liverpool Pier Head Ferry Terminal (82.3 miles)

Nearby schools

View all schools in North West Leicestershire
  • Belvoirdale Community Primary School (0.2 miles)
  • Saint Clare's Primary School A Catholic Voluntary Academy, Coalville, Leicestershire (0.4 miles)
  • All Saints Church of England Primary School, Coalville (0.5 miles)
  • Stephenson College (0.9 miles)
  • King Edward VII Science and Sport College (1.9 miles)
  • Ashby School (4.2 miles)
  • Newbridge High School (0.5 miles)
  • Forest Way School (2.0 miles)
  • Castle Rock High School (2.0 miles)
Note: Distances are straight line measurements

Local info for North West Leicestershire

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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