Listing ID: 80476
This is a well-established, very profitable florist just north of Metro Atlanta that serves several counties throughout N. Georgia. Not only do they serve individual customers, but they are also the primary vendor for various occasions and event planners such as weddings, funeral homes, and the university system of Georgia. The area has very limited competition with no other retail stores in the county.
The company is in an excellent location which they moved into in 2019 not skipping a beat. Earnings have been stable from 2018 through 2021 even though top-line revenue dipped in 2020 due to Covid. The company expects to grow by 15%-20% in 2022 gaining back to pre-covid revenue resulting in stronger earnings.
There is Excellent repeat business.
Well-established and loyal customer base includes corporate & public clients
The business is consistent and reliable
Do not need to be a florist to run the business
The Delivery Van is Included in the Price
- Asking Price: $139,500
- Cash Flow: $75,000
- Gross Revenue: $225,000
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $2,500
- Inventory Included: N/A
- 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:3
- Furniture, Fixtures and Equipment:N/A
Health and Retirement
Being a florist can be a very rewarding and profitable business if operated by adhering to industry operating standards and not as a hobby. Owning a flower shop is a lifestyle business that, if run professionally, can be very profitable. Florists also enjoy a favorable position within their communities as they are often an integral part of many local activities and celebrations. Also with many florists located in a concentrated area, successful florists have the opportunity to acquire additional stores to increase profits and lower expenses all within close geographic proximity.
Owning a flower shop continues to be a desirable lifestyle business for creative entrepreneurs who wish to provide an artistic and meaningful contribution to their community.
The company was started in 2001, making the business 21 years old.
The deal doesn't include inventory valued at $2,500*, which ins't included in the suggested price.
The company has 3 employees and resides in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the company for $1,720 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the real factor and the one they say to you may be 2 totally different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is very essential that you not rely completely on a vendor's word, however rather, utilize the seller's response combined with your general due diligence. This will paint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new clients? Often times, businesses have repeat clients, which develop the core of their day-to-day profits. Specific elements such as brand-new competition growing up around the area, road building, as well as employee turnover can influence repeat consumers and negatively influence future revenues. One crucial point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood median family earnings impact future revenue potential?