Hilton Smythe is delighted to welcome to the market this well-established and popular greengrocer, florist and pet food retail business in St Neots, Cambridgeshire.
The business was established by our client in 1970 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £180,000 per annum, with a gross profit of approximately 36%.
Our client offers a wide range of goods including fruit and vegetables, pet foods and accessories, plants and seeds, freshly cut flowers and florist sundries. The property has been well-maintained throughout and boasts a spacious retail area, as well as external display areas.
The business has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the turnover could be increased by embarking on a modest marketing campaign to advertise the business and the excellent goods and services offered. A new owner could also increase the number of trade clients, especially with the local public houses, hotels and restaurants within the area.
This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level; therefore early must come highly recommended to avoid disappointment.
Hamilton’s occupies substantial ground floor lock-up premises, ideally located within Cross Keys Mews in St. Neots, Cambridgeshire. The business is situated within the main shopping area of the town and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the vicinity.
St Neots is a lively and bustling town in Cambridgeshire, close to the Bedfordshire county border. The town lies on the River Great Ouse in the Huntingdonshire District. St Neots is the largest town in Cambridgeshire and has an estimated residential population of 40,000. The town is a thriving commercial centre, which boasts a wide selection of retailers and excellent restaurants, but still retains its market town charm.
The area is well served by the public transport system, with several bus stops within easy walking distance of the business. St Neots railway station is just over one mile away. The area is also well served by the a-roads, with both the A428 and A1 being within easy driving distance, which link to the national a-road and motorway networks. Cambridge is approximately 18 miles away and Peterborough is 26 miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:
2 x entrance doors.
Perimeter shelving, racking and display units.
One side of shop is for greengrocery, seeds and florist sundries.
Other side of shop is for animal feeds, pet accessories and medicines etc.
Serve over counter with electronic cash register, 2 x sets of scales and labelling machine with additional scales.
External display area with:
2 x wheeled fruit & vegetable stands.
Wheeled bucket stand for freshly cut flowers.
Separate store room with cold store and storage area.
The property is full alarmed.
We are advised Leasehold:
Original lease length: 15 years
5 year review
Rent = £3,062.50 ex VAT and service charges £586.00 per quarter ex VAT. This stands for the next 5 years and is the final 5 years of the 15 year lease agreement commencing from 12/04/2016.
The business is currently exempt from business rates.
The business operates:
Monday – Saturday: 8.30am – 5.30pm
The business is owner run and managed with 4 x part time staff members.
The business generates a turnover in the region of £180,000 per annum, with a gross profit of approximately 36%.