74 Years ~ Established Business for Sale w/Real Estate Included

Asking Price$729,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$212,305

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Real Estate$599,000
Included in asking price
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74 Years ~ Established Business for Sale w/Real Estate Included


Asking Price$729,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$212,305

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Real Estate$599,000
Included in asking price
Business Description
Well-established, family owned floral business has been a staple of the Bridgeport community for 74 years and is seeking new owners! This mixed-use building is in a great location and just minutes from Downtown Chicago and with a loyal client-base is now available and awaiting lucky new owners! Business comes complete and operational with a loyal customer base and an upstanding reputation in the neighborhood - perfect for the new owners to maximize and expand the current business to produce even more revenue! The two-story mixed-use building features approximately 1500 square feet of store-front retail space on the first floor and includes plenty of showroom space, three working coolers, multiple storage/work rooms, and a newly remodeled bathroom
and approximately 1300 square feet of living space on the second floor which is perfect for either the owner operator or the investor! Live upstairs in the luxury apartment while walking downstairs to work in your new business, or rent out the completely remodeled, large second floor apartment upstairs which features: (2) bedrooms, (1) bathroom, beautiful new vinyl plank hardwood flooring, a newly updated kitchen with quartz counter-tops, 42" cabinets and a beautiful island, a newly updated bathroom, in-unit washer/dryer and a spectacular, large rear deck that is perfect for either relaxation or entertaining. The building also features a 2 car attached garage, a full unfinished basement, and a beautiful yard. Take the next step to be your own boss of a proven business with exceptional earning potential. Owners prefer to sell mixed-use building and business together in one transaction; $599,000 for Mixed-Use building and $130,000 for Floral Business/Remaining Inventory negotiable
About the Business
Years in Operation
73
Employees
8
Currently Home Based
Yes
Facilities & Assets
Beautifully maintained and turn-key - FF&E included in sales price as well as 3785 sq ft of mixed-use building w/2 car attached garage. W/business: (3) walk-in-refrigerators, (4) showcases, (5) storage cabinets, (3) office chairs, (1) desk, (1) helium tank & valve, (8) shelving units, (2) glass display shelving, (1) hutch, (2) tall hexagon display units, floral equipment, (5) built-in-shelves in basement and (3) sets of grow lights, credit card machine/phone system, register
Website
https://www.flowercottagechicago.com/
Market Outlook / Competition
The Flower Cottage has a 5 Star rating on The Know and Google and w/loyal customers over the long duration of the business. Keeping the florist open would be a great asset to the community and is in a prime location and well known around town.
Opportunities for Growth
Current location has excellent growth potential as owner has been scaling down the business and little marketing has been done over the last few years and has been a repeat and word of mouth business. Additionally, the 2nd floor apartment is currently owner occupied and has a potential rent income of approximately $24,000 a year of additional income.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,785
About the Sale
Seller Motivation
Family Illness / Retiring
Transition Support
Current owner/or staff are willing to offer support and training to the new owners to assure a smooth transition. Compensation for this feature would be negotiated. All employees are part-time and (2) out of the (8) only assist during busy holidays w/deliveries.
Financing Options
Commercial loan/FHA w/owner occupant/SBA loan/Cash
Listing Info
ID
2354227
Listing Views
447
Attached DocumentsAttachment Disclaimer

Graff_Confidentiality_Agreement_Signed.pdf


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Business Listed by: Paula Boudos Keller Williams Preferred

Listing ID: 2354227 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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