Business Overview

This is a Dynamic Company that is an Importer and Wholesaler in the Floral Business. They have a Strong Customer base and are well known and respected. They carry a wide range of products used by the Floral Industry.

Here are JUST SOME of the items they have:
• Glass wares
• Ceramic Containers
• Baskets
• Ribbons
• Floral Supplies
• Silks & Dried Flowers, etc.
• Art
• Prom & Wedding Supplies
• AND LOTS MORE
The company is BIG on Service, Quality, and Value. They understand image and how important their products are.

This company has enjoyed EXCITINGLY RAPID growth even during COVID. They have a loyal following of customers based all over Texas and the United States. Customers like the wide range of products offered, the quality of the product and the price points they maintain.

This is a company you would be proud to own. Do not miss looking at all it has to offer!!!!

Financial

  • Asking Price: $995,000
  • Cash Flow: $210,000
  • Gross Revenue: $1,602,014
  • EBITDA: N/A
  • FF&E: $138,000
  • Inventory: $300,000
  • Inventory Included: N/A
  • Established: 1997

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business has a great location. It has been in the same place for 17 years. The total space is 30,935 sq. ft. and the current Lease expires June 2022 Total rent is $10,500 per month and they sublease 6,000 sq. ft. of it for $2,600 per month.The Net out of pocket is $7,900 per month Plus $3,000 for tax per year and building insurance. The Office space is 2,500 sq. ft. and is air conditioned .The warehouse has 5 dock doors, 2 with levelers. (Numbers and sizes are approx.)

Is Support & Training Included:

The owner will provide 3 mos. free onsite training plus 3 months free phone consultation.

Purpose For Selling:

Retiring

Pros and Cons:

Nearest Like Competition is 90 Miles Away (Not any real factor as most sales are not reliant on location.)

Opportunities and Growth:

Unlimited

Additional Info

The business was started in 1997, making the business 25 years old.
The sale shall not include inventory valued at $300,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the real reason and the one they say to you might be 2 totally different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is extremely essential that you not count completely on a vendor's word, however rather, utilize the seller's answer along with your general due diligence. This will paint an extra reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover points such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be met or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new consumers? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Specific factors such as brand-new competitors growing up around the location, roadway building and construction, as well as staff turnover can impact repeat clients and adversely influence future profits. One important point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the opportunity to build a returning client base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood typical household earnings effect future earnings prospects?