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Asking Price$72,500
Revenue | $186,091 |
Established | 1977 |
Cash Flow | $34,413 |
Employees | 3 part-time |
FF&E | $17,300 |
Franchise | No |
Inventory | Undisclosed |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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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 |
Ad #79028
Seller Reference #RET017
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