Business Overview

Business Highlights:

– Great Location
– Turnkey Business
– High Quality Products
– Profitable

A creative business with high quality floral design for all wedding and party events. This business is turn-key with opportunity for immediate capital gain. Events are booked through the end of 2022. This is a well-established successful business in the floral design industry that is positioned to continue to be profitable.

Financial

  • Asking Price: $105,000
  • Cash Flow: $52,527
  • Gross Revenue: $178,290
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,250
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

40 hours of training included with additional time and involvement available under terms which are mutually agreeable to buyer and seller.

Purpose For Selling:

Family obligations

Additional Info

The company was founded in 2015, making the business 7 years old.

The company has 2 employees and is located in a building with estimated square footage of 1,250 sq ft.
The real estate is leased by the business for $1,667 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the true reason vs the one they tell you may be 2 totally different things. For instance, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is really crucial that you not rely totally on a vendor's word, but rather, utilize the vendor's solution along with your overall due diligence. This will paint a much more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Often times, companies have repeat customers, which form the core of their daily revenues. Particular aspects such as brand-new competitors growing up around the area, road construction, as well as personnel turn over can affect repeat consumers and also adversely influence future earnings. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the opportunity to build a returning client base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the regional average house income impact future earnings prospects?