Iconic Retail Florist business Eastern suburbs of Adelaide South Australia

Yesterday, 2:15am

Location:
Stepney 5069 > Adelaide - Greater > South Australia

Investment level:
$290,000 + SAV

Type:
Business

Industry:
Retail > Gifts & Florists > Florists

Private Seller

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Summary

Incredible opportunity to purchase a successful retail florist business Trading under the umbrella of Flowers by Definition are the two stores Marryatville Florist and The Avenues St Peters Florist

Revenue

$660,000 pa

Location Details

114 Payneham Road
The business sale consists of both stores in neighbourhood shopping centres situated in the Eastern suburbs of Adelaide surrounded by a desirable flower loving demographic.
Very reasonable overheads at both locations with prime positions & parking.

Potential

Wedding & event work - Payneham road has a lot of wedding stores
Business could target Corporate B2B work.
Opportunity to open Sundays & Thursday nights
Transactional Website is included but more vigorous digital marketing and social media could be done.

Skills

Floristry skills or knowledge of the industry are definately an advantage.
No qualifications are required to own a florist store but some skills are essential to be successful.
Buyer should have strength in customer service, preferably retail.
An understanding of the purchase and rotation of fresh product.
An eye for detail and the ability to display merchandise is helpful.
Social and digital media skills are useful.

Hours

Monday - Friday 9am - 5.45pm
Saturday 9am - 5pm
Sunday optional - currently closed
Closed Public Holidays

Lease

Both shops are in their last 9 -15 months of their current 5 year lease with a +5 option to renew

Employees

3 employees plus 2 owner operators

Reason for Sale

Genuine family reasons for a regrettable sale have created this fabulous opportunity for someone else to surround themselves in flowers and the local community that supports the business.
Vendor has been trading in the industry for many years and these are both long established business that are rare to find with reasonable lease conditions.

About the Business

Surrounded by quality tenants, with very reasonable overheads at both locations, this business is complete with the two retail stores in prime positions.
Marryatville kiosk store is situated right in the middle of the centre mall on Kensington Road supported by a Woolworths supermarket, the centre has underground parking and every shopper has to pass the store to enter the supermarket.
The Avenues St Peters store in Stepney is located on the corner of 3 mall areas of the centre and is the absolute feature of the shopping centre.
These beautiful stores are well known within the local community for quality, reliability and excellent presentation. Real florist stores are hard to find and these two are little gems.
The stores are 4 kilometres apart and support infrastructure including offsite cool rooms, flower trolleys and work benches are included. The shops run independently but are close enough to be managed efficiently
The business does an enormous amount of cash and carry product and provides a delivery service. It has a fully transactional website with delivery & click and collect with select your store.
With a turnover of $600 000 plus GST this business will ideally suit a family or an opportunity for an existing company to expand their business.

History

The Avenues St Peters Florist has been trading for approximately 40 years with the vendors owning the store for 22 years - a rare opportunity only 3 owners in 40 years.
The Marryatville store is located in a newer shopping centre which has been trading there since it's opening almost 15 years ago with the vendor trading there for over 13 years

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