Listing ID: 79392
Established 75 years and located in this Historic Downtown Plaza just steps from the ocean, this Florist is well known in the community for offering the best flowers and gifts for all occasions. With heavy foot traffic they have many customers that love to shop in this quaint historic town that has the feel of historic Old Florida. With many new businesses in the area and a new Marriott opening soon this business will continue to grow. Seller Financing is Available! Don’t Miss This Opportunity! Please refer to listing 7301732142, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $395,000
- Cash Flow: $142,932
- Gross Revenue: $394,699
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 1947
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 1,995 Square Footage: 2,500 Building Type: Plaza Terms & Options: Negotiable Expiration Date: 11/1/2026
1 week training at no cost
Non Compete : Miles: 10 Years: 2
The company was started in 1947, making the business 75 years old.
The sale shall include inventory valued at $10,000, which is included in the asking price.
The business has 4 employees and is situated in a building with disclosed square footage of 2,500 sq ft.
The property is leased by the company for $1,995 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 entirely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is really important that you not rely absolutely on a vendor's word, but rather, make use of the vendor's solution together with your general due diligence. This will repaint a much more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover points such as stock, payroll, accounts payable, etc. Remember that in some cases this can imply that profit margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may 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 fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new customers? Most times, operating businesses have repeat customers, which create the core of their everyday earnings. Certain variables such as brand-new competition growing up around the area, road building and construction, as well as employee turnover can influence repeat customers as well as adversely affect future profits. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the local average house income effect future earnings potential?