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Floral & Bridal Company For Sale

17/wk
Warren County, New Jersey, United States
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Asking Price$179,000
Revenue$234,000 Established2015
Cash Flow$50,000 Employees2 full-time
FF&E$120,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity for this successful multiple related business, located in Northern New Jersey and in the county of Warren. This sale opportunity consists of two retail companies, a successful florist, and retail shop that offers bridal ware rentals. Each of these businesses have their own customer base and can be sold separately. The florist delivers courteous, professional service and the highest quality floral and gift items in the area. Their experienced designers offer the best possible flower arrangements for any occasion. They will also work with you to ensure your floral designs will complement your occasion and meet your budget and style expectations. They are affiliated with all local funeral parlors / businesses and they offer daily delivery service to all local funeral homes, hospitals and nursing homes. They offer dependable professional service to Northern New Jersey and will design and deliver flowers that beautifully convey your expressions. They also offer One-Stop Shopping for all of their customer Bridal Needs! Their beautiful selection of high-quality flowers and eye-catching design styles are sure to bring rave reviews on your wedding day or at any festive occasion. The company also offers a full line of wedding dresses rental which represent a substantial markup profit to the owner operator. Their trained bridal and floral experts are ready to help you make your wedding day special, planning a wonderful, joyful and easy experience. They specialize in full wedding packages including all your floral, bridal and honeymoon needs. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase or operate. The retail facility consists of approximately 2,000 square feet with a professional appearance and is located on an active county road conveniently near various highways. The business is in a mid-size mall with various other successful businesses. This opportunity is located in Northern New Jersey, Warren County, which consists of various communities with continued demand for this particular industry. This particular business has two part employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $3,040, cost per square foot is $18.24 and rent security $5,000. This opportunity is located in an attractive commercial mall which consists of 2,000 square feet and has a capacity for approximately forty customers. The sale consists of two separate and attached fully equipped commercial retail stores, with an estimated asset value of $120,000 based on replacement cost, which includes refrigeration units, apparel, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 5:30 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The owner is retiring after twenty-eight years of service. The business presently has a limited marketing budget and if improved can further develop the business bottom line net income. To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $235,000 and the business has a yearly net income of $50,000 based on an owner operator and prior to debt service. The business has been valued at $175,000 plus inventory, based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:The retail facility consists of approximately 2,000 square feet with a professional appearance and is located on an active county road conveniently near various highways. The business is in a mid-size mall with various other successful businesses. This opportunity is located in Northern New Jersey, Warren County, which consists of various communities with continued demand for this particular industry.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing budget and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator
Seller Financing:Seller financing available
Sale Reason:Retiring
Ad #88393
Seller Reference #RETL259
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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