Listing ID: 80164
Established and operating in Georgia since 1981, this Founder-Owned Company has been providing some of the best wholesale flower distribution services in Georgia for the last 40+ years. The Company employs a staff of highly experienced specialists that ensure that each customer has their expectations fully met, from shipping and service to product selection. The Company sets themselves apart from the competition by carrying everything that a flower shop might need and bringing the entire selection straight to their front door. This Business prides itself on delivering a fantastic customer experience and always doing so with terrific customer service and reasonable pricing. The owner is open to selling the property.
? Strong Client Base of Repeat Customers: The Company currently serves over 100 active clients within their service area, all of which are repeat customers that have been acquired through word-of-mouth advertising. This active client base could be bolstered by a new owner who wishes to begin direct marketing efforts.
? Long History of Exceptional Products and Customer Service: For over 40 years this Company has provided a wide selection of fresh cut plants and flowers, as well as other products and accessories, to suit the needs of their large client base of flower shops, wedding planners, caterers, and other related businesses.
? Centrally Located and Well-Equipped Facilities with Room for Growth: The Business is located on 3-acres of land with more than ample room should a new owner wish to expand storage capacity, add greenhouse space that could be used to offer a wider variety of plants grown in-house, or a myriad of other growth opportunities.
REASON FOR SALE: The owner has owned the business for 41 years and is ready to retire.
- Asking Price: $525,000
- Cash Flow: $400,640
- Gross Revenue: $1,780,000
- EBITDA: $400,640
- FF&E: $278,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1981
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Business Operates out of 6,000 square feet on 3 acres, open for expansion.
Seller will Transition
Retiring after 41 years of ownership
The venture was established in 1981, making the business 41 years old.
The transaction will include inventory valued at $20,000, which is included in the listing price.
The company has 6 employees and is located in a building with approx. square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of other factors. This is why it is extremely crucial that you not count completely on a vendor's word, but instead, use the seller's answer combined with your overall due diligence. This will repaint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Most times, businesses have repeat clients, which create the core of their day-to-day revenues. Certain variables such as brand-new competition sprouting up around the area, road building and construction, as well as staff turnover can affect repeat consumers as well as adversely affect future profits. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the neighborhood median home earnings impact future earnings prospects?