Floral Shop w/Shop Real Estate & Duplex

Littleton, NH (Grafton County)

Floral Shop w/Shop Real Estate & Duplex

Asking Price:$425,000

Cash Flow:$88,416

Gross Revenue:$258,547

EBITDA:$20,000

FF&E:$30,000

Inventory:$7,200*

Real Estate:$340,000

Established:1950

*not included in asking price.

Floral Shop w/Shop Real Estate & Duplex

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Business Description

CenterPoint Business Advisors is offering for sale a long established floral shop located in Littleton, New Hampshire. This is the perfect business for the creative person who wants to have their own successful and rewarding business.
Cherry Blossom Floral Design sells fresh cut flower arrangements, along with vases and related giftware. This business has excellent relationships with the nearby churches and funeral homes, providing the bulk of their event floral displays. They also are the choice florist for several of the prominent wedding facilities located nearby.

The business is located in a free-standing building with both on-street parking and a private parking lot. It is on the busy Union Street along with a mix of retail, light commercial, school, church, and residential neighbors. There is ample room that includes refrigerated storage, display areas, a comfy consultation area, and work space.
The riverfront real estate includes a separate building used as a residential duplex. The current owners find it very convenient to live adjacent to the business. A new owner could do the same or choose to rent out both duplex units.
The store has history of steady financial performance. Beyond just the profitability, this is a fun business where the owner can express their creativity and bring joy to their customers.

2015 total cash flow from business & real estate was $88,416.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
1.5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
• 1495 square foot building. • 8-10 off-street parking spaces • Additional street parking • Large, fully equipped workspace • Inviting retail area with display areas • Private office • Walk-in cooler • Delivery van • POS System
Competition:
There are no other flower shops in the Littleton area. The local grocery store carries the usual assortment of flower arrangements. There is a home-based floral studio that offers floral services for special occasions and offers minimal competition in Littleton. They serve as the sole florist for a large geographic area. The smaller surrounding towns have no florist services.
Growth & Expansion:
There is ample room in the store to add additional lines of retail products. Gift baskets, giftware, or arts & crafts would make complimentary product lines. Gift basket delivery could be offered. The unused onsite greenhouse could be used to grow plants and vegetables. The business could also be expanded to include a garden center offering plants and starter vegetables that are of a higher quality than the big box stores offer.
Financing:
Cash or Bank Financing
Support & Training:
The Seller will provide training and transitional services immediately following the transfer. Length of service will depend on needs of the buyer and the terms of the offer.
Reason for Selling:
The owners desire to move to be closer to family.

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Michael F. Coyle, CBI, CExP

Business Listed By:
Michael F. Coyle, CBI, CExP

CenterPoint Business Advisors, Inc.

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