Listing ID: 72389
Motivated owner of an Award winning flower shop is selling a very profitable business. The shop has slowly grown every year (even through COVID). The first 9 months of 2021 already Grossed more sales then any full year in the last 3 years. Now is the time to acquire this special business. Seller wants to retire and is willing to hold a note for qualified buyers.
The shop does not rely on wire houses at all. Nearly 100% of sales come from the business’ website, local walk-ins and phone orders. Joining major wire services or order gatherers would increase sales immediately! However, even without wire service sales, this florist has grown sales consistently.
A few special highlights include: 1) ultra low rent rates – ONLY $1,200 per month, 2) located in a high-traffic, upper-middle class neighborhood, 3) repeat business from local customers, 4) no wire service sales, 5) the customers and hours of this shop are great compared to other business opportunities.
Upsides include: 1) management improvement to keep up with demand, 2) adding wire service sales such as Teleflora or FTD, and 3) the owner is willing to stay on as an employee after the training for up to 6 months.
Seller is motivated; the current asking price reflects that but keep in mind that the PRICE AND TERMS are NEGOTIABLE.
Call or email Orlando for more details.
- Asking Price: $135,000
- Cash Flow: $100,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Rent is only $1,200 per month!
As much as you need. A month of training is offered free of charge. Owner can stay on as an employee for up to 6 months to assist with an extended transition.
Demand for flowers remain to be very strong.
Current owners cannot keep up with the demand. A new owner should have the energy or management experience to take on more customers to grow.
The business was started in 2000, making the business 22 years old.
The transaction doesn't include inventory valued at $15,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nevertheless, the true factor and the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is really important that you not depend absolutely on a vendor's word, however rather, use the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases 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 also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new customers? Often times, companies have repeat customers, which create the core of their day-to-day profits. Particular aspects such as new competition growing up around the location, road building and construction, as well as staff turnover can influence repeat clients as well as adversely impact future earnings. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional typical household income effect future earnings potential?