Listing ID: 81327
Your chance to own your dream flower shop in a beautiful location in Henderson, NV. EXTREMELY busy intersection and fantastic visibility. Close to everything!
Sellers wish to retire so if you’ve ever dreamed of owning your own flower shop that has already been in business for 24 years, now is your chance.
This isn’t just a flower shop. This is a high quality florist with gift shop inside. Profitable year after year.
Please contact us for the NDA and after you fill out the NDA completely, you’ll receive the Confidential Business Review.
- Asking Price: $125,000
- Cash Flow: $51,305
- Gross Revenue: $274,616
- EBITDA: $51,305
- FF&E: $17,260
- Inventory: $5,000
- Inventory Included: Yes
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,135
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
EXTREMELY busy intersection and fantastic visibility and walking distance to the local High School
Seller will train for 4 weeks after escrow closes
Seller wishes to retire
Growth opportunities are endless! Have the store open more hours, offer more delivery hours, carry more product and much more.
The venture was established in 1997, making the business 25 years old.
The deal shall include inventory valued at $5,000, which is included in the suggested price.
The business has 3 employees and resides in a building with disclosed square footage of 1,135 sq ft.
The real estate is leased by the company for $2,086.46 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other factors. This is why it is very vital that you not depend totally on a vendor's word, however rather, use the seller's answer in conjunction with your general due diligence. This will repaint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that revenue margins are too small. Numerous companies 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new clients? Many times, businesses have repeat clients, which develop the core of their daily profits. Certain factors such as brand-new competition growing up around the location, road building and construction, and also personnel turn over can affect repeat consumers as well as adversely impact future profits. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the better the opportunity to construct 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 outskirts of town? Just how might the local typical home earnings impact future income prospects?