Listing ID: 73183
Great opportunity to step into an established independent floral shop with loyal clientele. This shop has been a staple of the community for decades. The shop proudly serves Cheyenne and surrounding areas. This is a well-respected business offering the finest floral arrangements, plants, and silk arrangements with loyal clientele and diversified income streams. Referral and repeat business are the norms. It’s time for the owner to retire and let someone else thrive and put their personal touch on this rewarding and established business.
- Asking Price: $80,000
- Cash Flow: $31,074
- Gross Revenue: $115,158
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,100
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Very reasonable month-to-month rent; central location
2 weeks up to 30 hours per week
Long-established and well-known local floral shop; both commercial and individual clientele. Great local relationships that bring repeat business and referrals.
Current owner does not take online orders or participate in nationwide services - new owner could expand those services. Additionally, the hours/days open could be expanded.
The business was started in 2001, making the business 21 years old.
The sale will include inventory valued at $5,000, which is included in the asking price.
The property is leased by the business for $700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nevertheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or an array of various other reasons. This is why it is very essential that you not rely totally on a seller's word, however instead, utilize the vendor's response combined with your total due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Often times, companies have repeat clients, which create the core of their daily revenues. Certain aspects such as new competitors growing up around the area, roadway construction, as well as employee turnover can impact repeat consumers and also adversely influence future revenues. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the possibility to construct a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the local mean household earnings impact future revenue potential?