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Asking Price$840,000
Revenue$505,166 Established2002
Cash Flow$278,392 Employees2 full, 1 part
FF&E$20,000* FranchiseNo
Inventory$3,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This floral business has successfully serviced several hundreds of weddings, corporate events, hotels, weekly corporate office building accounts, and wealthy individual's home accounts since 2002. The (still energetic) 58-year-old owner is open to take you on as a 50/50 strategic growth partner to scale up the business or sell it outright. A partner should come with his or her own rolodex of potential new accounts and financial/accounting acumen to compliment the owner's many strengths. He literally has been in the floral business since the age of 8 and knows how to source product and design as well as anyone else. That's one of the main reasons why he is able to command such high profit margins. If you are interested in acquiring 100% of the business, he is willing to stay on under contract for 2-3 years to transition his clientele and pass on his know-how to you. Besides the owner, there are two other designers and a full-time driver. 80% of the business gets delivered. This is primarily a commercial rather than retail business, so don't be deceived by appearances when you do your walk-by. The asking price of $840K is for 100% of the business. Please call listing broker Jay Goldman to make an appointment to meet with the owner. For further information call 1-877-735-5224.
Sale Reason:Other Interests
Ad #102226
Seller Reference #26036
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