Business Overview

Great opportunity to live and work on Whidbey Island in the Pacific NW. Only florist shop in town and only a handful of others on the island. Long-term customer base and great retail location. The business provides custom-designed floral arrangements and has a large selection of exclusive giftware. Teleflora member. Opportunity for a new buyer to work full-time & expand the delivery area for more revenue. COVID stable business! SE10694

Financial

  • Asking Price: $150,000
  • Cash Flow: $64,488
  • Gross Revenue: $375,570
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $28,221
  • Inventory Included: Yes
  • Established: 1990

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,300
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

A new lease is available, Hours Monday thru Saturday from 9 am to 5 pm

Is Support & Training Included:

4 weeks, 10 hours per week

Purpose For Selling:

Retirement

Additional Info

The venture was started in 1990, making the business 32 years old.
The sale does include inventory valued at $28,221, which is included in the requested price.

The company has 4 PT employees and is situated in a building with disclosed square footage of 1,300 sq ft.
The building is leased by the company for $2,275 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. Nevertheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or a range of other factors. This is why it is very vital that you not depend totally on a vendor's word, however instead, utilize the seller's solution together with your general due diligence. This will paint a much more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new consumers? Many times, companies have repeat clients, which develop the core of their day-to-day profits. Certain elements such as brand-new competition sprouting up around the location, roadway building, as well as personnel turn over can impact repeat clients as well as adversely affect future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the local typical family income influence future income prospects?