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Asking Price$299,000
Revenue$400,000 Established1947
Cash Flow$91,946 Employees0 full, 0 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedYes
* Included in Asking Price
A great opportunity to take over a 71-year-old family business that is very established in a niche industry. They specialize in selling floral refrigeration to floral shops, schools and floral wholesalers. The business is currently being ran by a husband and wife team. No employees needed! The business experienced 35% growth in 2016 and 20% growth in 2017! The family is a web-based equipment sales business that can be ran from anywhere in the US. Very low overhead as everything is built to order by a third party so there is no inventory. They are innovators in their industry and their name is well known nationwide among the floral community.
Competition:There are only a few main national competitors
Growth Potential:There are a few different areas that have major growth potential. The owner doesn't currently market to wholesalers, so there is massive growth potential if you were to go after floral wholesalers. You could also offer manufacturing and/ or installing the units yourself instead of hiring it out. The current owner has not pursued these opportunities for growth due to the low staff level. The owner is also at retirement age and is not interested in investing capital to try to grow the wholesale side.
Training/Support:Owner is willing to train for 8 weeks at 30 hours a week. He may offer additional time for an agreed upon rate
Seller Financing:Will consider financing to a buyer on a case by case basis. Will also take $275,000 all cash price
Sale Reason:True Retirement
Ad #106348
Seller Reference #COLUMMO001-N2
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Sterling Sublett
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