Listing ID: 81571
Nothing says “I Love You” better than a dozen Red Roses or a Beautiful Bouquet
This family owned and operated floral Business has been serving the western suburbs for 40 plus years.
2020 sales were higher than 2019 and 2021 sales were a lot better than 2020. If you are looking for an established, well known and extremely profitable business this is it.
Strong year over year sales are generated from a loyal repeat customer base from surrounding community Churches, Schools, Hospitals, Funeral Homes, Retirement Facilities, Rehab Centers and Assisted Living Facilities
Shop offers Fresh Flowers, Floral Arrangements, Tropical Plants and Gifts for all occasions including Weddings, Birthdays and Special Holidays like Valentine’s Day and Mother’s Day
Beautiful downtown location with excellent signage and plenty of parking. Experienced staff including 5 designers and 2 drivers
Owner retiring but will remain on as needed for smooth transition
Third Party financing available
Give us a call today for additional details
- Asking Price: $230,000
- Cash Flow: $97,965
- Gross Revenue: $792,598
- EBITDA: N/A
- FF&E: N/A
- Inventory: $40,000
- Inventory Included: N/A
- Established: 1974
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Spacious 3000 sq/ft Facility in high traffic downtown location. Excellent signage and plenty of parking. all furniture and fixtures included in asking price
Owner will provide training and transitional assistance as needed
The business was started in 1974, making the business 48 years old.
The deal shall not include inventory valued at $40,000*, which ins't included in the listing price.
The business has 7 employees and is located in a building with estimated square footage of 3,000 sq ft.
The building is leased by the company for $6,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is really vital that you not depend totally on a seller's word, however instead, utilize the seller's response together with your overall due diligence. This will paint a more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover points like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that revenue margins are too thin. Lots of 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 obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new customers? Most times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Specific factors such as new competitors growing up around the location, roadway construction, and also staff turn over can impact repeat customers and negatively impact future revenues. One important point to consider is the location 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 on a regular basis, the higher the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical home income influence future income prospects?