Florist & Gift Shop (since 1960)

VA

Florist & Gift Shop (since 1960)

Asking Price:$225,000

Cash Flow:$96,800

Gross Revenue:$430,000

EBITDA:$21,000

FF&E:$50,000

Inventory:$100,000*

Established:1960

*not included in asking price.

Florist & Gift Shop (since 1960)

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Business Description

This florist/gift store has been in the same family ownership since opening circa 1960. Time to retire and pass the baton....and what a baton it is: Annual sales $460,000+, 8,000 customer list conveys, deeply established roots, family owned & operated since the beginning (now in second generation), located in central main street thoroughfare, restored Village setting serving as county seat for this retirement/vacation/tourist destination. Surrounded by quaint Bed & Breakfasts, art studios, eclectic restaurants, resort property sales. Broad sidewalks flooded with customers and visitors from Town Festivals, Historic locations and the sought after retirement on the water. Two delivery vans included. Contact Bruce Hobart, Broker at kb_hobart@aol.com or call 804-986-7282.

Detailed Information

Inventory:
Not included in asking price
Employees:
3 FT/6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive 6,000 SF storefront on main cobblestoned main highway. Building dates to at least 100 years. Parking at front door and along main street. Leased, $1,400 per month (no upcharges for CAM, RE Taxes or Insurance...all included in base rent). New lease will be provided as part of sale, lease terms to be negotiated.
Competition:
There is no immediate competition. Closest competing florist (smaller/less diversity) is 15 miles in partially occupied strip center. This opportunity is in prime location, established 50+ years by current owner and literally the only game in town.
Growth & Expansion:
The business has grown over it's long and profitable history. Customer list exceeds 8,000 clients. Profits have been stable and climbing consistently.
Financing:
At Seller's discretion
Support & Training:
Sellers will provide adequate training and transition. Seller will remain as part time employee if desired, wage and terms to be agreed upon separately.
Reason for Selling:
Retirement. Seller has been running this family business for 50+ years.

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Bruce Hobart

Business Listed By:
Bruce Hobart

Capstone Advisors, LLC

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