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