Listing ID: 83527
New Pricing!! Great Florist in terrific town! Business has been serving the public since the 80″s .
Strong Social Media and Internet Presence.
• Extensive history in business and in the community.
• Strong on-line orders presence.
• Strong event business including an event & wedding specific website inventory.
• Significant delivery revenue
• All materials, contacts, customer lists, vendor lists, database, and supplies convey.
• Phone number and name convey.
• Well known and well thought of in the industry
Owner is ready to retire, perfect business for lifestyle purchase or to combine with existing business.
- Asking Price: $121,000
- Cash Flow: $106,066
- Gross Revenue: $147,420
- EBITDA: $92,094
- FF&E: $76,000
- Inventory: $6,200
- Inventory Included: Yes
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Currently housed on sellers property. Allowances have been made to include leasing expense. Would need approximately 1,000-1,500 square ft.
Two weeks of training included in price.
Unique and productive market, requires designers and creative people
Expansion can be done both geographically and on the internet
The venture was started in 1984, making the business 38 years old.
The sale will include inventory valued at $6,200, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is very crucial that you not rely entirely on a seller's word, however rather, use the seller's solution in conjunction with your total due diligence. This will paint a much more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Often times, operating businesses have repeat clients, which develop the core of their everyday revenues. Specific aspects such as brand-new competitors sprouting up around the location, roadway building and construction, and employee turnover can impact repeat consumers as well as adversely impact future profits. One crucial thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the chance to develop a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the regional average household earnings impact future revenue potential?