Seller's Contact Information
- RE: Award Winning And Vendors Preferred Florist
- Contact: Kevin Chung
- License #: 567204
Quick Facts
| Asking Price: | $300,000 | |
| Annual Revenue: | $497,692 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $141,478 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1972 | |
| Employees: | 6 | |
| BBN Listing #: | 27719188 | |
| Broker Reference #: | 001232 |
Business Overview:
50 years established award-winning and continuously growing florist business is available for acquisition. The flower shop, located at the end cap of a retail strip center with various enterprises, naturally draws heavy traffic of people and is easily visible from the road. This business was established over 40 years ago and acquired by a current owner in 2014. The business has been growing continuously, despite the COVID closure and loss of wedding events. The owner has strategically shifted the business model during and after COVID from focusing on funerals for grieving families, daily sales, and other events from weddings. This shift has created more high-profit margin sales than low-profit margin events such as weddings. The business is fully staffed with a competent manager, designers, and drivers and can run without the owner's day-to-day involvement. The current owner works 3-4 days per week, except during busy seasons, the owner is fully involved in the business. The rent is affordable at a $3,100.00 monthly rate with no other competitors in the area, making this business very profitable.
This business is active in marketing, including social media, and has a reputable online presence with almost 5-star reviews and over 150 positive reviews. The customers are individuals for different occasions, vendors, wedding venues, home builders, local police departments, and various departments of its local city hall. The orders come through multiple avenues, including walk-ins, online orders, referrals, and vendors. This business has been nominated and received multiple awards for florist of the year, has been featured in various magazines, and is one of the preferred vendors for weddings.
The new owner can benefit and further grow the business by acquiring corporate accounts, offering Holiday decor and tree decorating services, expanding homecoming sales of mums, and having a dedicated team for weddings and other events.
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Property Features and Assets:
This establishment is ideally located in the 1,500 Square Feet of the end cap of a retail strip center with various businesses that naturally draw a heavy inflow of traffic and is easily visible from the main road. It is on the border of multiple adjoining cities and close to one of the hospitals, which helps with recurring purchases, and is surrounded by many retail businesses and single-family homes and apartments in all directions. All assets are in excellent condition. / Inventory: $10,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: This business is the only flower shop in the city and there are no other competitors in its immediate vicinity. Growth and Expansion: Currently, this business is active on social media and has a reputable online presence with over 5-star reviews and over 150 positive reviews. The new owner can benefit and further grow the business by acquiring corporate accounts, offering Holiday decor and tree decorating services, expanding homecoming sales of mums, and having a dedicated team for weddings and other events.
Reason for Selling:
Retirement
Additional 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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