Iconic Gold Coast record store Sunflower Music is looking at changing their not-so-sunny circumstances as the otherwise successful business faces some wilting issues.
A recent article in The Gold Coast Bulletin described the store to be suffering financial crisis and, as a result, pending closure. Upon contact with co-owner Judy Young, Scene discovered the store's profitability was suffering only as much as any other.
â€œThe centre (Pacific Fair) isn't what it used to be. Food shops are going from being top performers to bottom. It's run down and has empty shops. Profit centre-wide has been falling every month for the past three years but rent prices have maintained as if it's still a profitable centre. Shops are closing down,â€ Young said.
â€œThe opening of Robina Town Centre had an impact on Pacific Fair, as did the Global Financial Crisis. Local Gold Coast customers now shop at Robina and those who still come to Pacific Fair don't have the disposable income they used to. The GFC also affected tourism, which Gold Cost businesses rely on. Any retail is tough.â€
The record store is among a minority; one the last of its kind on the Gold Coast. Having opened more than 30 years ago, the current owners (for the last six years) are looking to move on.
â€œWe're not one hundred percent committed to the energy levels of the store. We're looking at having somebody else take the next step for the business; to have their input and a fresh approach. Everybody has different ideas.â€
Having developed into a local music industry icon, Sunflower Music is seen as a hot-spot for musicians and otherwise.
â€œWe still have a place in the local music industry, whereas other independent music stores have fallen like dominos. It's an important store. The store is faced with three options; to sell, to relocate or to close the doors.â€