Listing ID: 79172
Great E.2 Business
Looking for a nice easy to run business then we have one for you. Florist business located in Lakeland servicing customers locally and through the internet. Business comes with a nice delivery vehicle only 3 years old. Seller will train buyer for two weeks. This is an ideal starter business for a Florist/Designer looking to branch out themselves. Wedding, Funerals and general floristry is undertaken. Call for more details. Should easily qualify for an E. 2 Visa.
- Asking Price: $129,900
- Cash Flow: N/A
- Gross Revenue: $215,473
- EBITDA: $55,186
- FF&E: $38,000
- Inventory: $6,500
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
well located store
two weeks training
more marketing in general area
The venture was established in 2001, making the business 21 years old.
The sale shall include inventory valued at $6,500, which is included in the suggested price.
The business has 1 employees and is situated in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is really vital that you not rely totally on a seller's word, yet rather, use the seller's response together with your overall due diligence. This will paint an extra practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous businesses fall into 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new customers? Many times, operating businesses have repeat clients, which develop the core of their daily earnings. Certain aspects such as new competitors sprouting up around the area, roadway construction, and staff turn over can influence repeat consumers and negatively influence future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the neighborhood mean home earnings impact future income potential?