Listing ID: 82986
Sunbelt Business Brokers of the Northshore presents this long standing florist shop business for sale in St. Tammany Parish! Shop has been open for several decades serving the Northshore community. The current owner is retiring from this incredible business that the owner has nurtured for almost two decades. The business includes everything you need to get started. It has a top quality inventory from major suppliers with a cost of approximately $50,000 and even includes a van for deliveries. There are two walk-in refrigerators in the back work area and a refrigerated display case in the showroom. They even have a new contract in place to do all the floral work for a local funeral home. Owner is ready to retire and has priced the business to sell. Contact us today for more information. This one won’t last long!
- Asking Price: $110,000
- Cash Flow: N/A
- Gross Revenue: $100,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: Yes
- Established: 1978
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1978, making the business 44 years old.
The transaction will include inventory valued at $50,000, which is included in the asking price.
The company has 2ft 2PT employees and is located in a building with approx. square footage of 1,200 sq ft.
The building is leased by the business for $750 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is really crucial that you not rely completely on a seller's word, yet instead, utilize the seller's answer in conjunction with your total due diligence. This will paint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too tight. Many businesses come 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 obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new customers? Many times, businesses have repeat customers, which form the core of their daily profits. Particular elements such as brand-new competitors sprouting up around the area, road building and construction, and also staff turn over can affect repeat customers and negatively influence future revenues. One important point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to develop a returning client base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the local mean family income effect future revenue prospects?