Listing ID: 82095
An established and profitable flower shop with a strong customer base. This shop is perfectly located near a major hospital and mortuaries and has enjoyed a strong reputation in the community for over 30 years. The business has a great e-commerce website and generates extra revenue by operating its own delivery service. This is a truly turn-key flower shop that is ready to transition to anybody looking to own a fun business, or would be a nice acquisition for another flower shop to gain new customers.
- Asking Price: N/A
- Cash Flow: $87,000
- Gross Revenue: $217,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1980
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Retail Frontage with over 3500 Sq FT of usable business space. Great location to many Hospitals and Mortuaries.
Seller will train buyer for up to 45 days as part of the transaction.
Seller is ready for retirement
The business was started in 1980, making the business 42 years old.
The company has 2 employees and is located in a building with estimated square footage of 3,500 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of various other reasons. This is why it is very essential that you not count absolutely on a seller's word, however instead, use the seller's answer along with your general due diligence. This will paint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new consumers? Many times, companies have repeat consumers, which create the core of their daily earnings. Specific variables such as brand-new competitors growing up around the area, roadway building and construction, and also personnel turn over can affect repeat customers as well as negatively influence future revenues. One important point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local typical family income influence future earnings prospects?