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 owner is 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 has been in the floral business for 50 years (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 if you do a walk-by. The asking price of $899K is for 100% of the business. That works out to a three times multiple of the owner's cash flow, which is quite reasonable when you consider he grew his sales by 30% last year. Please call listing broker Jay Goldman to make an appointment to meet with the owner. For further information call 1-877-735-5224.
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