Listing ID: 70047
Flower Shop Business and Real Estate for sale. This turn-key florist is Central Illinois’ preferred flower shop. The current ownership has provided quality arrangements and excellent customer service which has helped maintain their great reputation and long-established relationships with loyal customers. Weddings, funerals, high school events, and holidays keep their fresh flowers flowing through the shop. Today customers patronize this business because they know service and quality will be top-notch. It’s the only place to go for the service and quality they demand.
Furniture, fixtures and equipment as well as inventory will be included in the sale. The real estate is also included with this price but a lease option might also be considered. The owner is willing to help train during an agreed upon transition period.
If you are an entrepreneur and creative person, this is the opportunity for you!
Owner is now ready to retire. They are looking for the next owner that can capitalize on all their hard work, make this shop even better and take it to the next level.
Survived the pandemic and turned a profit during 2020.
- Asking Price: $495,000
- Cash Flow: N/A
- Gross Revenue: $525,000
- EBITDA: $120,000
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The deal will include inventory valued at $25,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. However, the real reason vs the one they say to you may be 2 completely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a range of various other factors. This is why it is really vital that you not depend absolutely on a seller's word, yet instead, make use of the vendor's solution along with your general due diligence. This will paint a much more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular variables such as new competitors growing up around the location, road building and construction, and staff turnover can affect repeat consumers as well as adversely influence future earnings. One important thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the better the opportunity to develop a returning client base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the local average family earnings effect future earnings prospects?