Listing ID: 72429
Start making money the first day you own this business. A retail florist with a solid reputation that is well-established, well-located, and consistently profitable. You only need to put down 20% ($32,000) to buy this successful business and make $131,700 first year after paying debt service. You will make your money down back in less than 8 months.
Established in 2010 with a dedication to high quality product, excellent customer service, and staying current with design trends have earned a high repeat customer base. 100% of sales are from the business’ custom website, local walk-ins and phone orders. No wire services.
This retail florist’s excellent track record of profitability has performed well through the pandemic and yearly gross sales have continued to increase.
Current business hours of 4.5 days a week make for easy management or for excellent growth potential. Increase of business can be achieved by:
* Expanding business hours
* Expanding delivery area
* Increasing event / wedding orders / custom funeral designs
Other upsides include:
* Low rent
* Location – area experiencing high growth rate
* Demand for flowers remains high
- Asking Price: $160,000
- Cash Flow: $148,754
- Gross Revenue: $423,690
- EBITDA: N/A
- FF&E: $7,000
- Inventory: $14,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Will train for 2 weeks @ $0 cost.
Moving out of the area.
The venture was established in 2010, making the business 12 years old.
The sale doesn't include inventory valued at $14,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the real reason and the one they say to you might be 2 completely different things. As an example, they might say "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a range of various other factors. This is why it is extremely important that you not depend totally on a seller's word, but rather, utilize the seller's solution along with your total due diligence. This will paint a much more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new customers? Many times, businesses have repeat customers, which create the core of their day-to-day profits. Certain variables such as new competition sprouting up around the area, roadway construction, as well as personnel turnover can impact repeat clients and negatively influence future incomes. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the better the chance to build a returning client base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional typical household earnings influence future income prospects?