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Retail premises for sale

£45,000

8 Kibcaps, Basildon SS16

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Property description

Business
Hilton Smythe welcomes to the market Gillys Lillys a flower shop that has been established in its current location since 2004 and owned by our client since 2014.

Due to ill health our client is now looking to sell.

Gillys Lillys is one of only two florists in Basildon and is located within a highly populated residential area close to Basildon Hospital and within walking distance of the town centre. Since ownership our client has added Yankee Candles to the sales lines, which have helped to increase turnover dramatically. These complement the sales of flowers and other gifts.

The business is well regarded locally having 5* reviews on Facebook and Google, the business is also being sold with the website .

Gillys Lillys has a high percentage of funeral work, due to the fact that they are in touch with all the local residential homes and do leave free flowers at them. Gillys Lillys also has a contract with the local Gala Bingo who order 10-12 bouquets per month to give to their members on their birthdays. A 10% discount is also given to local hospital employees.

Although the turnover and profit has increased since our client has taken over there is still room to improve by looking at,

Attending local wedding fayres etc
Adding Champagne and Chocolates to the gift and delivery lines
Adapting the website to become an e commerce site
Become a member of Interflora
Extend the opening hours

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Gillys Lillys is located in Basildon, Essex, set within a shopping area within a highly populated residential area.

The other shops include a supermarket, chemist, cafe and take away food shops all bringing in a high footfall to the area.

There is ample free parking in the direct area.

Premises
Outside the shop is a covered area which is for display purposes.

Entrance door to the premises with card stands and steps up to the main shop area.

Numerous shelves for gifts etc, large corner Yankee candle stand, table and chairs, flower stands and counter with till.

Behind the counter is a lobby with doors to the toilet, store/kitchen and to the rear workroom.

The rear workroom has workbenches, area for balloons, ribbon and much more. Door to the outside and doorway to the flower fridge area.

A sign written ’59 plate Peugeot Expert van is also being sold with the business.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a 5-year lease from September 2019, which will be renewed.

The annual rent is £5,000. Our client does not pay any business rates and the landlord is the local authority.

Hours
The business opening hours:

Monday: Closed
Tuesday: 9 - 4
Wednesday: 9 - 4
Thursday: 9 - 3
Friday: 9 - 4
Saturday: 9 - 3
Sunday: Closed

There are no restrictions on the lease regarding opening hours

Staff
The business is run and managed by our client.

Financial Profile
Gillys Lillys generated an advised turnover of circa £70,000 as of the 2017 accounts, with a gross profit of circa £52,000 and a net profit of circa £18,000.

In the 8-month period from September 2017 the business has had a turnover of £55,184.

The assets being sold with the business are worth in the region of £5,500.

What Zoopla users think of Basildon

Overall rating:

  • currently 4 stars
Very good - 79% (129 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Basildon (0.6 miles)
  • Laindon (1.0 mile)
  • Pitsea (2.6 miles)
  • London Southend Airport (10.8 miles)
  • London City Airport (17.2 miles)
  • London Stansted Airport (24.0 miles)
  • Tilbury Ferry Terminal (8.5 miles)
  • Gravesend Pier (8.8 miles)
  • Wallasea Island Ferry Landing (15.6 miles)

Nearby schools

View all schools in Basildon
  • Lee Chapel Primary School (0.1 miles)
  • St Anne Line Catholic Junior School (0.5 miles)
  • St Anne Line Catholic Infant School (0.5 miles)
  • The Basildon Upper Academy (2.6 miles)
  • Lancaster School (10.5 miles)
  • Southend YMCA Community School (11.4 miles)
  • Woodlands School (0.5 miles)
  • The James Hornsby School (1.0 mile)
  • De La Salle School and Language College (1.4 miles)
Note: Distances are straight line measurements

Local info for Basildon

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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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