This is an attractive small business that will appeal to an individual who is either entrepreneurial, artistic or both as well as another florist looking to grow through acquisition. The business is very well established and enjoys an excellent reputation. It has a superior location on a high traffic street and is the closest florist to key accounts that routinely order flowers. The area is growing and is expected to add new businesses and new residential housing - both of which could add sales to this company. Revenues and owner draws have been consistent and provide a good base for a new owner. This florist operates with a minimal number of employees and does not require significant asset replacement nor large amounts of working capital. This specialty retail/service business is priced at $135,000 plus inventory. It provides a great lifestyle and decent income to its owner.
About the Business
Number of Employees:
2FTE 3 PTE
It leases a 1200 square foot storefront on a high traffic street in a strategic location. The lease is currently on a month by month basis but the landlord is amenable to a longer term lease if desired. The store is equipped with two walk-in coolers, work desks, retail display racks and various other furniture and office equipment. A delivery van is included in the price.
The area is serviced by seven other retail florists in addition to grocery chains and box stores that retail flowers. This store is known for high quality and service and has a great reputation.
Growth & Expansion:
While the business does very well as it is currently run, a new owner could consider the following strategies to expand the business: • Attend bridal trade shows and partner with bridal consultants • Solicit and partner with funeral directors • Work with more internet providers ( profitability must be considered) • Increase the social media presence • Partner with chocolate, candy or synergistic gift providers • Run daily in- shop specials
Seller will work and train a new owner as needed and reasonable.
Some minor financing considered.
Ad Detail Views:
Asking Price: $75,000 Gross Revenue: $445,000Cash Flow: $75,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $15,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Price reduced on great Flower Shop! Very affordable.
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