High-End Floral, Artisan Boutique & Wedding/Events

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Asking Price:
$90,000

Gross Revenue:
$327,000
Cash Flow:
$41,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
$16,000
included in asking price

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Business Description

This business, with multiple income streams, is a high-end retail floral and artesian boutique with extensive wedding/event service bookings. With a solid reputation for white glove wedding and event services, unique custom designed flowers, and repeat customer business, growth opportunities are significant. The business has established long term relationships with wedding planners, event centers and corporate event organizers. New customers are referred to and find this business online because of those long-term relationships, its reputation for unique high-end wedding/event service and unique retail product offerings.

Located in Littleton Colorado, a high net worth suburb of Denver, there are several high schools and an event centered golf course nearby, significant growth in the areas surrounding the shop, and ample parking in the shop’s location in a highly visible shopping mall. The mall includes a long-standing marketplace, two anchor stores and other desirable destination shops.

This is a well-run company with clean books, propriety formulas, reporting and buying records that will result in continued growth for the new buyer; as no lost time will be wasted on learning from scratch what they have fine-tuned. The current owner does not work in the business day-to-day. With a proven location that drives walk-in traffic, diverse customer base, well established wedding business and growing sales, this is an ideal opportunity for a new owner with business development and creative design interests.

About the Business

Location:
Littleton, Colorado
Year Established:
2013
Number of Employees:
2 w/ extra help
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$3,294.00 Per Month
Facilities:
1800 square feet of west facing space, for maximum light exposure. Has unlimited customer parking and professional management care 24/7. There is 20 feet of storefront which can be decorated seasonally.

The front has 900 square feet of retail space with built in bookcases, a glass jewelry case, elegant display furniture and fixtures, two arbors, and a three-door glass walk-in cooler in the front for retail flowers. There is also a state-of-the-art wedding consultation area with Bluetooth capability for consultations and a 42’ flat screen TV. Included are the POS system and website, created using the Floranext system. The website is highly customizable and easy to use and modify seasonally as needed. The POS system has many features for product and materials management, reporting, and inventory management.

The back has 900 square feet and includes several work tables, an industrial sink, several portable tables, shelving for hundreds of vases, and a back 8x10 foot walk-in cooler with a new condenser. There is also an office with shelving and an additional storage room with shelves. There is a phone system, desk top computer, Wi-fi, cash register, point of sale system, and design materials. All materials are included in the sale.

Current lease is $ 3,294/mo. and includes NNN. A new lease will be required by landlord.
Market Outlook/
Competition:
There are no shops that have their blend of services, artesian products and unique flowers, nor are there any florists within a 15-mile radius who have as strong of a wedding presence. There are 5 floral shops in a 15-mile radius that are FTD, Teleflora, 1-800 shops with whom compete with each other and the local grocery shop, which is a different market segment from this shop.
Growth & Expansion:
A strong sales and marketing person could look to several avenues for increased sales, including expanded print and social media marketing, direct sales to wedding planner/event centers and corporate accounts.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The brand of this shop is based on the artesian products, quality of flowers, and white glove weddings and events. Relationships are with the business and easily transferrable. Training will be comprehensive; 40 hours of floral training, 16 hours of customer service training. Additional training available as negotiated.
Seller Financing:
Seller financing is available, 50% is required down and the interest rate is variable

Listing Info

ID:
1643552
Ad Detail Views:
0

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Business Listed by

Greg Wills

Touchstone Business Advisors

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Sponsoring Broker:

Charles Spickert, CBI
Touchstone Business Advisors
License# 40043825


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