Freehold Nursery And Large Bungalow In 2.2 Acres For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business.
- Turnover in excess of £46,000 with a net profit of £12,000 (see financial summary below).
- A business with great potential which has not been exploited because of the owners personal circumstances.
- An easily run operation.
- Very low overheads.
- A niche concern with very little competition.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Nursery with 2.2 acres of land which has been established since 1969. The business has been in the hands of the current owner since 1969 and they now wish to sell due to retirement.

Services
This very good business opportunity provides a working nursery with ¾ acre under glass.

Staffing
The concern employs no members of staff but does have help from volunteers in the summer season.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner has a website.
No marketing or promoting of the business has recently been undertaken as the business is very well known.


Competition
There is no local competition.

Market
The client base consists of locals and national garden centers.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increase the opening hours to include 6 days a week all year.
• Increasing the product line to include other products and possible snack bar.
• There is a fresh water spring on site that has been tested and approved for the production of water cress.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

PROPERTY DETAILS
The property has 2.2 acres of freehold horticultural land with 2 ponds and approximately 3/4 acres covered by glass.
The rest of the area has poly tunnels and fruit trees.

The bungalow has 2 large bedrooms, bathroom, toilet, large living room, separate dinning room, kitchen and conservatory to the rear. There is room to extend the bungalow in the roof to give a further 2 large bedrooms. To the side there is a double Garage.
There is 3 phase electricity on site

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.

FINANCIAL DETAILS
The present annual turnover is £46,000 with a gross profit of £32,000 and a net profit of £12,000. The present value of the stock is £20,000, this includes the fuchsia collection that can be moved if need be.
The potential turnover of the business within the next 2 years is forecast to reach over £100,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Living accommodation:

The bungalow has 2 large bedrooms, bathroom, toilet, large living room, separate dinning room, kitchen and conservatory to the rear. There is room to extend the bungalow in the roof to give a further 2 large bedrooms. To the side there is a double Garage.

Location:

- Situated in the Sutton-at-Hone area of North Kent.
- Prominent location on main arterial road.
- Excellent parking facilities for over 20 cars.
- Industrial estates nearby.
- The site is the home of “The World Collection of Fuchsias” which attracts many world wide visitors and tourists in the summer season.
- Good volumes of traffic and pedestrian flow.
- Well linked with the M25, M20 and the M2.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property has 2.2 acres of freehold horticultural land with 2 ponds and approximately 3/4 acres covered by glass.
The rest of the area has poly tunnels and fruit trees.

The bungalow has 2 large bedrooms, bathroom, toilet, large living room, separate dinning room, kitchen and conservatory to the rear. There is room to extend the bungalow in the roof to give a further 2 large bedrooms. To the side there is a double Garage.
There is 3 phase electricity on site

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increase the opening hours to include 6 days a week all year.
• Increasing the product line to include other products and possible snack bar.
• There is a fresh water spring on site that has been tested and approved for the production of water cress.

Competition / Market:

There is no local competition.

Reasons for selling:

Owners wish to sell due to retirement.

Trading hours:

Tuesday, Wednesday, Friday, Saturday, Sunday: 9.00 am – 5.00 pm (March to September).

Employees:

The concern employs no members of staff but does have help from volunteers in the summer season.

Years established:

Established since 1969.

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£20,000