Listing ID: 73839
This floral company is operated by the retirement aged owner who has consistently been recognized as one of the Top 250 in operations in the United States. The company enjoys over 500 corporate accounts that have been ordering floral arrangements from them for many decades. In addition, the company offers flower delivery throughout Greater Cincinnati and Northern Kentucky. They have a long – term and highly qualified professional staff that provides only the freshest high quality floral arrangements, plants, and personalized gift item baskets. This business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:
SBA loan eligible
No debt in the company
Increasing Internet sales
Owner is not a floral designer
Price includes 3 delivery vehicles
Long time and experienced design staff
Expand sales thru wedding & retail sales
Price includes all inventory and equipment
3,300 square foot facility available to purchase
Clean books & records – all numbers are verifiable
2021 is on schedule to be a banner year!!!
- Asking Price: $415,000
- Cash Flow: $159,000
- Gross Revenue: $695,000
- EBITDA: $159,000
- FF&E: $30,000
- Inventory: $3,500
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,300
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The 3,300 square foot building is located close to an interstate so delivery to anywhere in Greater Cincinnati and Northern Kentucky is easily done. The florists work in a very bright and cheery atmosphere. The space is well – decorated with plenty of samples of their work on display. There is more than enough parking and visibility so all potential customers will have easy access. The space is well designed for order fulfillment efficiency. Sales could easily be increased significantly within the confines of the building.
The owner will train in all aspects of the business and will be available to ensure a smooth transition.
The owner is of retirement age and wishes to fully retire after providing excell
What makes this florist special is the volume of repeat corporate clients that have been enjoyed through many decades. The relationships and the special treatment that their corporate clientele have received is unmatched.
The company does very few weddings and does not participate in any wedding shows. Maintaining the corporate relationships plus expanding the wedding business would be key to growing sales considerably. The facility is large enough to permit substantial growth.
The business was started in 1996, making the business 26 years old.
The transaction shall include inventory valued at $3,500, which is included in the suggested price.
The company has 4 employees and resides in a building with estimated square footage of 3,300 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is extremely vital that you not rely totally on a vendor's word, yet instead, utilize the seller's solution together with your overall due diligence. This will paint an extra realistic image of the business's present 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 offer. Many companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that earnings margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new consumers? Many times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Certain aspects such as new competition sprouting up around the location, road building and construction, and also staff turnover can impact repeat consumers as well as adversely influence future profits. 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 highway? Obviously, the more people that see the business regularly, the better the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the regional average household earnings effect future earnings prospects?