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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Beautifully Presented Florist in Prime Location

Petworth, West Sussex
Status
SOLD / WITHDRAWN
Advert ID
244230
Reference
B05284 / Rightbiz
01204556300
Leasehold Price: £225,000
Annual Turnover: £414,110
Business
Hilton Smythe are delighted to present to the market Spriggs Florist, an outstanding floristry business with 40 years family trading history set within a highly desirable location and property.

This highly respected business is now been sold to allow our client to retire, however the family will ensure a successful handover to any new owner to ensure a smooth transition.

The business comes with 5-star reviews through Facebook and Google including an excellent website.

The philosophy of the business is simple, to offer beautiful flowers for all occasions, from birthday and get wells to lavish country weddings and product launches. The average spend is currently £40 for walk in customers and lavish wedding projects can see customers spending up to £10,000.

The experienced team offer full advice from start to finish including floral masterclasses.

We are advised 60% of turnover is derived from walk in trade and 40% from weddings, deliveries, funerals, corporate events, workshops and large independent houses.

Deliveries are managed in house with the use of their own delivery van.

The florist is a preferred supplied for the prestige corporate clients at Goodwood’s many Motoring and Horse Racing Events as well as weddings taking place on the Goodwood Estate.

Our clients run their business to suit, a new owner may look to grow many of the following options;

  • Upgrade the membership within Interflora.
  • Expand the customer database especially around Goodwood Festival.
  • Increase the number of Corporate clients.
  • Attend more Wedding events to promote their excellent wedding service.
  • Recruit more local wedding venues to service.
  • Extend opening hours including Sunday’s.
  • Add another florist location.
We are very excited about the sale of this florist and recommend early viewing to avoid disappointment.



Location
Spriggs Florist is in the main walkway between the only large carpark and Petworth High Street.  A unique listed building in the heart of Petworth, Lancaster House forms the link between the High Street and Golden Square and dates to the 17th century. The building was refaced in the 19th century and was reportedly the home of a local Lord.

Petworth is a beautiful Market Town, a centre of Arts and Culture set in the heart is the South Downs National Park and surrounded by the walls of Petworth House and park. Petworth has recently been voted as the most desirable place to live and visit within the West Sussex County. It offers a year-round diary of festivals, markets, exhibitions, craft fayres, music concerts and walks.

Petworth town is mentioned in the Domesday Book and particularly known for its stately home and grounds which now belong to the National Trust. The quaint streets are filled with period character houses and independent retailers specialising in antiques, local produce, afternoon teas.

The Town has become a destination for many form London, Surrey, Kent and Sussex looking to enjoy the grounds of Petworth House but to also peruse the many antique shops the town has to offer. Our client benefits from this desirable customer base who make a regular visit to the florist to pick up unique arrangements not available in their local areas.

The Town is located just off the A272 and is 6.5 miles east of Midhurst and 16 miles west of Horsham.

There is a large pay and display car park less than 2 mins walk from the Tearoom.



Premises
Ground floor;

  • Central foyer / lobby area.
  • Room 1 - main shower showroom with collection of bespoke display tables, raised shelving units, flower stands and decorative pieces.
  • Room 2 - second display area which includes a consultation desk with pc.
  • Workroom 1 - main preparation area with till point, card machine and client database.
  • Workroom 2 - flower prep area with 2 x traditional sinks and workbench space.
Cellar;

Large space with water supply, which is naturally temperature controlled so ideal for the storage of flowers.  Fixed shelving and flower storage stand, sink.

External;

  • Front display area adorns the main entrance with and pathway.
  • Rear storage area with storage cupboard and staff toilet.


Tenure
The Freeholder will offer any new buyer a new 10-year Lease with initial rent of £17,500 per year, the business benefits from small business relief for the current year.



Hours
MONDAY TO SATURDAY - 9am - 5pm



Staff
The business is run and managed by our clients with 3 x full highly trained Florists.



Financial Profile
The business will report a new turnover in the region of £500,000 this year with an adjusted net profit of over £90,000.



Listing Details
Location: Petworth, West Sussex
Marketed By: Hilton Smythe
Sector: Florists, Card Shops
Contact Agent
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Advert Reference: B05284 / Rightbiz

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