Listing ID: 76887
This is not your average floral business! This is a rare opportunity to acquire a prestigious floral design business, with brand awareness, catering to an elite clientele. The business is a premiere floral design studio that creates a host of floral products for celebrities, luxury brands, individuals, and corporations. Its artistic creations have ranged from stunning floral installations, intricate arrangements, tabletop designs, and floral decor for galas, luxury brand events, awards ceremonies, launch parties, and private events. The business benefits from sales diversification with the following revenue streams: online, delivery and events (both floral and FF&E rental). The sale includes the following hard assets: vehicles – 2016 Ford T150 and 2017 Ford Transit Connect vans, merchandise inventory, and an extensive rental inventory, such as vases, chuppas, and props. This Business is a staple among celebrities, praised in the Press, very established, and well known in the L.A market. It is poised for a savvy business buyer with an eye for style & design to step in, maintain the concierge level service the Business is known for, and take it to the next level! This is business is a rare gem! Inquire and Call Now! Email inquiries to: firstname.lastname@example.org
- Asking Price: $250,000
- Cash Flow: $254,127
- Gross Revenue: $758,684
- EBITDA: N/A
- FF&E: $126,500
- Inventory: $30,000
- Inventory Included: N/A
- Established: 1993
- 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
Other Business Interest
The venture was founded in 1993, making the business 29 years old.
The deal shall not include inventory valued at $30,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is extremely crucial that you not count totally on a seller's word, yet instead, utilize the seller's answer combined with your general due diligence. This will paint an extra practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new clients? Many times, companies have repeat customers, which form the core of their day-to-day earnings. Specific variables such as brand-new competitors sprouting up around the location, roadway building and construction, as well as staff turn over can impact repeat clients and also negatively impact future earnings. One essential thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the regional mean house income influence future revenue potential?