Flowers for Every Occasion - Florist with RE

Not Disclosed, CA
San Diego County


Asking Price: Annual Revenue:
$1,399,972 $1,320,611

Retail: Florists, Gifts, Cards, Books


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RE: Flowers for Every Occasion - Florist with RE Broker: Linnea Westlake

Quick Facts

Asking Price: $1,399,972
Annual Revenue: $1,320,611
Net Profit: Not Disclosed
Cash Flow: $181,174
Total Debt: Not Disclosed
FF&E: $72,609
Real Estate: Not Disclosed
Year Established: 1974
Employees: 14
BBN Listing #: 435833008
Broker Reference #: 2401-144846

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Business Overview:

Flowers and Gifts for Every Occasion - Florist with Real Estate - 37 Years in Same Location
Escondido Florist has been family owned and operated since 1974. Business offers flowers, plants, gifts and event services. Orders are placed on-line, by phone and walk-in customers. The business is marketed on-line, through referral and word of mouth, as well as window displays and murals. There is ample opportunity to expand with additional emphasis on small private events and funerals and other locations could be opened.
Seller is ready to retire and pass the baton to another local family to make their own and enjoy for years to come.
Retail property value is estimated at $1,050,000 including two structures. The main structure at corner of downtown lot is 2436 sqft and the secondary structure is about 1000 sqft. Plenty of parking on street and adjacent lot. The business value is estimated at $349,972 including FFE of approximately $73,000 and Inventory of about $78,000. Two ford transits and two older delivery vehicles transfer. There are currently 13 employees and 1 contractor. Buyer will need to replace seller’s daily general management, design, buying and event consulting roles.
Something to consider: If you have the minimum down payment and good credit, you could own a business that cash flows over $180k...and the property for about $2.5k per month more than the rent.
SBA possible. 2021 Proforma Sales through November: $1,320,611. Proforma SDE: $181,174.37. Asking price of $1,399,972 includes real estate!

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Reason for Selling:

Retirement

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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