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!
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
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.
Relevant Links: