This long established florist business has 2 profitable income streams. With a retail premises in a prestigious Bayside suburb and 2 websites, this business has demonstrated year on year revenue growth. And still has potential for further growth.
Providing floral bouquets and displays for more than 20 plus years, this florist business has built an extensive clientele who want high quality products. This business has developed long standing relationships with many regular clients - customers include corporate companies, schools, medical centres, hospitality venues and individuals. Many clients have regular orders for weekly floral arrangements.
The beautiful retail premises has 2 levels with a large preparation area, where up to 3 florists can work comfortably, a formal meeting room (useful for wedding planning and meeting clients to discuss their requirements), a modern office and large storeroom (for vases, stock and dry arrangements). It is a high exposure location, being opposite a major supermarket.
The business has 2 well established websites for online sales of floral arrangements and gifts.
Trades 5 days: Tuesday to Friday 9am to 5pm, Saturday 9am to 2pm.
There are excellent and loyal staff working in the business with the vendor.
Turnover for 2021 was approx $529,000 trading over 11 months. Rent for the large premises is $3,000 pcm with lease of 3x3 commenced July 2020.
There is huge potential for growth simply by extending opening hours, or staying open for more weeks of the year (currently the store only trades 48 weeks/year) or introducing gift hampers on the online stores and incorporating search engine optimization into the online stores to drive further traffic to each site.
The sky is the limit with this florist and online business, it is well worth an inspection.
For more information and to arrange an inspection please contact Chris Panagiotidis on 0433 582 533 or Elle Likopoulos on 03 9566 7300.