Listing ID: 79156
UNDER CONTRACT AS OF 03/2022 – Very Profitable Portfolio of Florist Shops in Multiple Southwest Florida Counties. Clean books and steady growth makes this one an excellent E-2 Visa or SBA loan candidate. Working largely as a fulfillment service for the large online retailers, this business has established a priority position to receive orders from 1-800-Flowers, FTD, and others. The infrastructure is in place to add Wedding and Event services to the business, which is not currently being offered. 8 delivery vehicles are available, not included in list price. Business is Pre-Approved for an SBA loan with $95k down!
Call 800-648-2620 for more information.
Check out the Video: https://youtu.be/K9mq-5sWzJo
- Asking Price: $825,000
- Cash Flow: $331,369
- Gross Revenue: $1,485,329
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Multiple locations in the South West Florida Area.
Seller will provide 2 weeks of familiarization to the new buyer at no cost.
The venture was founded in 2010, making the business 12 years old.
The transaction will include inventory valued at $30,000, which is included in the listing price.
The company has 10 - PT; 10 - FT employees and resides in a building with disclosed square footage of 3,500 sq ft.
The property is leased by the business for $3,380 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the real reason vs the one they tell you may be 2 absolutely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of other reasons. This is why it is extremely crucial that you not count entirely on a seller's word, yet instead, utilize the seller's response together with your total due diligence. This will paint an extra realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that earnings margins are too small. Many organisations come under a revolving door of taking on debt 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 equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new customers? Most times, businesses have repeat customers, which create the core of their everyday profits. Certain aspects such as brand-new competitors sprouting up around the area, road building and construction, and employee turnover can influence repeat clients and adversely influence future incomes. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the better the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local typical house income influence future income prospects?