Listing ID: 76936
This business has been a staple of the community for over 30 years and has won Best Of The Local Community 5 of the last 6 years!!
This business is located in an affluent and quickly growing area – having been identified as one of the fastest growing areas of the country.
It is true that with the pandemic more and more people are sending flowers to show appreciation to those they care about.
Bright, fresh flowers make a thoughtful gift for any type of occasion. This business offers a wide variety of beautiful floral arrangements the Northern Los Angeles County Area.
From gorgeous anniversary and Mother’s Day flowers to sympathetic get well and funeral flowers, floral gifts are the perfect way to show just how much you care
They make sending fresh flowers easy! Browse their website and order online or call the shop to place your order. Whether sending locally or across the country, they provide beautiful bouquets that fit every budget.
This business has a long track record of profitability and performed well during the pandemic.
It is currently on track to increase Owner’s Profits (SDE) by 20% over 2019!!
If you enjoy brightening up someone’s day and are looking for a business/industry that is in state of growth – please give us a call!
- Asking Price: $230,000
- Cash Flow: $132,951
- Gross Revenue: $456,671
- EBITDA: N/A
- FF&E: $37,900
- Inventory: $80,000
- Inventory Included: Yes
- Established: 1989
- 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
Retirement and expecting to move out of state
The company was founded in 1989, making the business 33 years old.
The transaction does include inventory valued at $80,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nevertheless, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is really essential that you not count entirely on a seller's word, but rather, utilize the seller's answer together with your total due diligence. This will paint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too thin. Lots of companies fall under a revolving door of taking loans 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 equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new customers? Many times, businesses have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competitors sprouting up around the area, roadway construction, and employee turn over can impact repeat clients as well as negatively affect future profits. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the chance to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the regional average home income effect future revenue potential?