Listing ID: 81305
Traditional flower shop specializing in floral design for weddings and other special occasions. The business is well staffed and profitable. Also is a member of FTD.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Katrina Loftin at email@example.com or call (775)828-5400 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $635,000
- Cash Flow: $264,000
- Gross Revenue: $951,063
- EBITDA: N/A
- FF&E: N/A
- Inventory: $15,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
3,000 SQ.FT building with retail area and design area with large area for incoming inventory.
Seller will provide training at no cost to buyer
The deal shall include inventory valued at $15,000, which is included in the listing price.
The company has 9 employees and is situated in a building with approx. square footage of 3,000 sq ft.
The building is leased by the company for $4,073 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. However, the true reason and the one they tell you may be 2 absolutely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is really vital that you not rely totally on a seller's word, yet rather, utilize the vendor's response together with your general due diligence. This will paint a much more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled 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 new clients? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Specific aspects such as brand-new competition sprouting up around the location, roadway building and construction, and personnel turnover can affect repeat clients and adversely affect future earnings. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local average home earnings influence future earnings potential?