Listing ID: 78897
Attention entrepreneurs with a green thumb and an eye for design. Here is your chance to own a local florist shop and gift shop with deep roots serving the Hampden community since 1980!
Sale includes all business related equipment and inventory including a branded delivery van. Seller happy to stay on to mentor and design if requested.
– Large inventory of fresh flowers
– Tropicals Plants European/dish gardens
– Contemporary and traditional arrangements
– High-style floral arrangements
– Silk arrangements
– Dried floral arrangements
– Funeral designs
– Extensive gift line
– Gourmet and fruit baskets
– Gift baskets
– Greeting cards
- Asking Price: $89,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1980
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller happy to stay on to mentor and design if requested.
The venture was established in 1980, making the business 42 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell operating businesses. However, the real reason and the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is very vital that you not rely absolutely on a seller's word, but rather, use the vendor's solution in conjunction 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 current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Most times, operating businesses have repeat consumers, which form the core of their daily earnings. Specific elements such as new competition growing up around the location, roadway building and construction, and personnel turnover can impact repeat consumers and negatively affect future revenues. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood median house income impact future income prospects?