Well Established Lincoln Floral Shop For Sale

1644

Great storefront shop in a South Lincoln neighborhood. With an established customer base and an online presence, this full service floral and gift shop offers balloons, flowers, candy, jewelry, plants and stuffed animals. In operation since 1977, this trusted florist not only accommodates local same day deliveries, but also ships anywhere in the United States. Three part time staff florists create custom arrangements for any special occasion, and the 1099 drivers deliver them anywhere in town.
A buyer with a down payment of $14,500 can expect to make $24,303 profit, or a 168% return within the first year after all debts and expenses are paid.

Financial Overview
List Price: $72,500
Gross Sales
2015: $186,091
2014: $192,554
Owner Profit/Cash Flow
2015: $34,413
2014: $28,428
Profit Margin: 18%
Multiple: 2.15 *Multiples range from 1-5
Valuation: [2015] Cash Flow x Multiple = Price
$34,413 x 2.15 = $73,988

Assets Included in Purchase: $17,300
Equipment: $17,300 (walk in cooler, display cooler, shelves)

Business Information
Year Opened: 1977
Location and Service Area: South Lincoln, and surrounding area
Lease: $1,101 per month, 1,875 sq. ft.
Employees: 3 PT time Designers, 3 1099 Drivers
Hours: M – F 8:30 to 5:00 Sat 8:30 to 2:00
Seller Training Period: up to 90 days
Current Owner’s Responsibilities: Some design and order taking, management, and bookkeeping

Funding Example
Purchase Price: $72,500
20% Buyer Down Payment: $14,500
5% Seller Financing: $3,625
75% Bank Loan: $54,375
A buyer with a down payment of $14,500 can expect to make $24,303 profit, or a 168% return within the first year after all debts and expenses are paid.

Facilities:

Lease: $1,101 per month, 1,875 sq. ft.

Training/Support:

Up to 90 Days

Seller Financing:

5% Seller Financing: $3,625