Business Overview:
This award-winning floral design company provides floral displays to special events, businesses, parties and even the personal residences of some of Los Angeles’s best known companies and celebrities, as well as a loyal customer base of everyday people that enjoy “the best”. This company derives roughly 40% of its revenues from events, 30% from telephone orders and 15% from online orders and 7% from delivery fees. With respect to deliveries, the average arrangement may be in the $250 range, however $400 - $500 arrangements are common.
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Property Features and Assets:
This formidable enterprise is managed out of a highly efficient 1,000 square foot space that may be related to anywhere within greater Los Angeles. The company has a lease that is set to expire prior to 2024 and it will not be renewed, so this may be an ideal add-on to an existing florist or larger floral related operation, for an existing events rental or catering company that’s hoped to be invited to bid on the expanded variety of events this operation will undoubtedly delivery or those looking to set-up shop at the location of their choice!
Market Competition and Expansion:
The company, which has been a staple at corporate events for over 2 decades, has a tremendous reputation that new management may capitalize on to enter the events space not only with floral designs, but also with installations, equipment rentals or any number of additional complementary services. This opportunity may be an ideal add-on to an existing florist or larger floral related operation, for an existing events rental or catering company that may capitalize on the opportunity to gain additional access to major events and their coveted client base.
While competition exists in the greater area, this acclaimed company boasts a remarkable amount of goodwill as they have provided a stellar level of service and floral designs time and again for such a sustained amount of time. As a result, industry entrants or less pedigreed firms would face still competition if they were invited to bid on similar jobs.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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