Florist- Prime Inner West Sydney location No direct competition - FN1321
Florist- Prime Inner West Sydney location No direct competition - FN1321
Industry :
--Sub Industry :
Retail - Florist - Gifts - Inner West - Agent SBX Code Number: FN1321
pRetail 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./p
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 a.m to 6 p.m.Saturday 9 a.m to 2 p.m
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
pSales 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./p
Figures
Weekly Sales $11500
Rent (ex GST) $1800
Wages $1300
Profit $4700
Agent SBX Code Number: FN1321 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
View other listings by this business
$250,000 + SAV
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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