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 established in 2015, making the business 7 years old.

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

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 completely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a range of various other reasons. This is why it is very crucial that you not depend entirely on a vendor's word, yet instead, make use of the vendor's answer in conjunction 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 business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new consumers? Many times, businesses have repeat clients, which create the core of their daily revenues. Certain aspects such as new competition growing up around the area, road building and construction, and also staff turn over can impact repeat clients as well as adversely impact future revenues. One essential thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the higher the chance to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the neighborhood mean house earnings impact future revenue potential?