Florist & Gift Shop

Fort Wayne, IN (Allen County)

Florist & Gift Shop

Asking Price:$142,000

Cash Flow:$52,500

Gross Revenue:$175,000

EBITDA:N/A

FF&E:$25,000

Inventory:$30,000*

Rate/Sq. Ft.:N/A

Established:1987

*not included in asking price.

Florist & Gift Shop

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Business Description

Well established florist on busy 4 lane road. Average daily traffic count is 18,500 according to the city of Fort Wayne. Current owner started business from the ground up in 1989 and is now ready for a new owner to take this business to the next level. Current owner has many new ideas that would be beneficial to a new owner. These ideas have not been implemented since current owner has been slowing down to prepare for retirement.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,300
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1300 Sp. Ft. location on busy 4 lane road with large concrete parking. Location has easy access from either direction. High visibility on one of the busiest roads in the city. The current owner also owns the building. Owner has amazing lease terms for the new owner. There is also room to expand the business in current location both inside and outside. Large sign with reader board.
Competition:
There is competition from other local florists in the area. This florist has been at the same location for 27 years with a strong local customer base. Current owner has done no advertising or marketing except word of mouth. Current owner has built great relationships with many local businesses, schools, and churches, that are a great source of reoccurring revenue.
Growth & Expansion:
New owner could grow the business by expanding into internet marketing and social media marketing. Currently business has no social media presence. New owner could also accept more wire services. There is room to grow business relationships with local businesses to deliver flowers to company events and parties. New owner could also sell perennials and annuals to help boost sales during the spring and summer months.
Support & Training:
Owner will provide training and support for a smooth transition. PLEASE BE ADVISED: PRIOR TO THE RELEASE OF ANY CONFIDENTIAL INFORMATION, THE SELLER REQUIRES ALL BUYERS TO DISCLOSE THEIR FINANCIAL QUALIFICATIONS THROUGH COMPLETION OF A CONFIDENTIAL BUYER QUESTIONNAIRE ALONG WITH A NON-DISCLOSURE AGREEMENT. SELLER’S APPROVAL OF SAME IS REQUIRED BEFORE CONFIDENTIAL INFORMATION IS RELEASED. PLEASE CONTACT OUR OFFICE FOR THE FORMS AT 800-636-7046
Reason for Selling:
Retirement

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Ricky Kerns

Business Listed By:
Ricky Kerns

Midwest Business Brokers Inc.

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Sponsoring Broker:
Dan Replogle, CBI, CBC, CCIM, M&AMI

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