Profitable Floral Shop in Popular Strip Mall

Omaha, NE (Douglas County)

Seller Financing Available
Profitable Floral Shop in Popular Strip Mall

Asking Price:$111,000

Cash Flow:$40,858

Gross Revenue:$531,336

EBITDA:N/A

FF&E:$11,125

Inventory:$18,051

Lease Rate/Sq. Ft.:$11.25

Established:2003

Profitable Floral Shop in Popular Strip Mall

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Business Description

Established floral studio and store with over $500,000 in gross sales. Situated in a well-trafficked strip mall in Omaha, this anchor store has become a staple since its opening in 2003. Delivering within the Omaha metro, this store has a customer retention rate of 80%. Sales have been at a steady clip over the last few years, bolstered by daily orders and contracts. The current owner has recently been signed for a large event that is expected to invoice over $6,000, and any ownership transition should not interrupt this deal.

All staff are well-trained and capable, working within set hours and with the understood need for some seasonal flexibility. Currently there are three full-timers and one part-timer employed in the studio, in addition to two alternating delivery drivers. Employees are encouraged to help in the creation of custom floral designs that are then featured for sale. The seller is also assisted by a part-time bookkeeper who logs invoices into ShopKeep Point of Sale software.

The 2,000 square foot building is leased at $11.25 per square foot, which is half of what most stores pay in this particular development. Leasing is all inclusive, covering the shop’s common area as well. Included in the sale is a delivery vehicle with around 50,000 in mileage.

With the right buyer, this already successful business could increase sales through improving web traffic and revamping marketing materials. Seller is willing to finance 20%, and with a down payment of $11,100, a new owner may expect to see a 182% return and a profit of $20,175 the first year.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
3 FT; 3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Floral studio with floral shop; small gifts also sold
Competition:
80% of business is repeat; accounts with funeral homes and a hotel; provides custom floral designs
Growth & Expansion:
Website and marketing improvements to drive sales; networking with wedding and event planner
Financing:
20%
Support & Training:
90+ days or as long as needed
Reason for Selling:
Health reasons
Franchise:
This business is an established franchise

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Cortney Sells

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Cortney Sells

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