Farm Market-Flower Shop (#22663)
Not Disclosed, NY Westchester County
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- RE: Farm Market-Flower Shop (#22663)
- Contact: Ziggy Marszalek
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $1,300,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $350,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 8 | |
| BBN Listing #: | 949520 | |
| Broker Reference #: | 22663 |
Business Overview:
Farm Market-Flower Shop has been a cherished community staple for 25 years, offering an extensive array of products and services. This local go-to food market features a diverse selection, including:
· A hot and cold food/salad bar
· Fresh fruits and vegetables
· A wide variety of other grocery items
What sets this business apart is its impressive assortment of flowers.
The shop is renowned for:High volume of daily flower sales; Exceptional performance during major holidays
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Property Features and Assets:
2,280 Square Feet
Monthly Rent: $6,980
Financial Highlights: The business enjoys a strategic location, attracting heavy foot traffic from the surrounding apartment buildings and a steady stream of customers arriving by car. Key financial highlights include:
· Rent is approximately 7% of the annual gross sales, below the 10% industry threshold
· Key employees are committed to staying on for a seamless transition
· Seven years remaining on the lease with a five-year renewal option at a 3% annual increase
Market Competition and Expansion:
Potential:This Farm Market-Flower Shop presents a lucrative opportunity for investors or entrepreneurs. The business is well-positioned for continued growth and profitability, with key advantages such as:
· Diverse product offering
· Prime location with heavy foot and car traffic
· Experienced staff
· Favorable lease terms
With its strong community presence and robust flower sales, Farm Market-Flower Shop is poised for future success and expansion under new ownership.
Reason for Selling:
RetiringAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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