Description

Retail florist specialising in the sale of superior quality products including fresh flowers, plants, giftware, and cards. The premises are well equipped for the preparation and display of stock with shelving and counters throughout. The business sources products from the flower market three days per week and has an established reputation for supplying flowers to functions, weddings, funerals, christenings, and a variety of special occasions.

Potential

Opportunities exist to increase revenue through securing additional weddings and major events, expanding the range of giftware, and further developing the online presence. The business would also suit a motivated operator looking to build upon an already established and well-regarded base.

Features

Long established with over 20 years of trading history - Well known within the community with a loyal customer base - No direct competition in the immediate area - Prime location - Three-bedroom residence located upstairs, providing flexibility or additional rental income

Premises

Ground floor retail space of approx. 80 sq .mts., Upstairs three-bedroom residence of approx. 60 sq. mts. with separate entrance

Location

This business is situated in Sydney Inner West on a high-traffic commercial road surrounded by restaurants, cafes and retail.

Trading Hours

6 days - Monday to Friday: 9 am to 6 pm.Saturday: 9 am to 2 pm

Lease

Current 5 year lease commenced March 2019. + 5 year option. - Annual rent increases of 4%, One month bond required, Rent includes outgoings

Employees

Operated by one owner with the assistance of three casual staff

Comments

Sales for 2024 exceeded $600,000, with peak trading periods such as Valentine's Day, Mother's Day, and Christmas generating over $100,000 in sales. Sales records can be verified.- The upstairs 2-bedroom residence is rented at $2,000 per month. The original rent is $9,660 per month including outgoings, with the effective rent for the business premises reduced to $7,660. -A well-established and profitable business, competitively priced and recommended for inspection. Confidentiality is required, and inspections must be arranged through the broker.

SBX ID

FN1321