Profitable, Semi-Absentee Florist In The Triad

Business Overview:

Established floral shop with a long-running and strong reputation in the Triad area of North Carolina. This business boasts a loyal customer base drawn to its fresh, high-quality floral arrangements, plants, and complementary gift selection. Known for excellent customer service, knowledgeable staff, and a desirable location, this shop is a prime opportunity for continued success.

This profitable business is turnkey and ready for a new owner, as either a full-time owner-operator or semi-absentee like the current owner. The experienced staff is well-versed in floral design, customer relations, and even provides floral design classes. With a solid foundation, room for growth, and a commitment to customer satisfaction, this flower shop offers significant potential in the vibrant Triad market.

The financials shown are for a full-time owner-operator, per the definition of Seller's Discretionary Earnings, incorporating an adjustment for the hours not worked by the current owner.

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Property Features and Assets:

The Company uses leased space located near high-income zip codes and convenient to local highways making deliveries efficient.  They have excellent terms and multiple options to extend.

Assets = $37,300

Market Competition and Expansion:

According to IBIS World, the florist industry is an $8.6 billion industry in the US.  It is expected to grow at an annual rate of 3.2% over the next five years.  Furthermore, as many flower purchases are considered discretionary, swells in consumer spending and disposable income have driven the boost in revenue through the end of 2024.  Many consumer purchases from florists will be facilitated through e-commerce websites. Some florists will attempt to establish a market niche by offering more intricate bouquets targeting upscale markets, while others will offer low-priced products to capture more price-sensitive customers.

There are several paths to additional growth that a new owner could take, including becoming more active in the wedding market, building more retirement home relationships, and increasing online advertising. 

Reason for Selling:

Retiring.

Additional Details:

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