Internal Ref: FN1321
Summary
SBX Code: FN1321 - Prime location on busy road- Takings $11,500 p.w. Nets $4,700 p.w. - 3 bedroom residence attached.
Rent
$1,800 pw
Net Profit
$4,700 pw
Location Details
This business is situated in Sydney Inner West on a high-traffic commercial road surrounded by restaurants, cafes and retail.
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.
Hours
6 days - Monday to Friday - 9 a.m. 6 p.m. -Saturday - 9 a.m - 2 p.m
Lease
Current 5 year lease commenced March 2019. + 5 year option. - Annual rent increases of 4%, On
Employees
Operated by one owner with the assistance of three casual staff
About the Business
Retail - Florist - Gifts - Inner West
SBX Code: FN1321
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.
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
Comments
Sales for 2024 exceeded $600,000, with peak trading periods such as Valentines Day, Mothers 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 Code: FN1321
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