Florist in Beautiful Stand Alone Building

Mecklenburg County, VA

Florist in Beautiful Stand Alone Building
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Asking Price: Get Financing: $175,000

Cash Flow: $78,000

Gross Revenue: $380,000

EBITDA: N/A

FF&E: $15,000

Inventory: $25,000*

Established: 1996

*not included in asking price.

Florist in Beautiful Stand Alone Building

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Business Description

Easy to Run with Long Term Customers in a Great Community

A beautiful, independently owned flower and gift shop with thriving walk in, delivery and event based business. This small town florist has an outstanding reputation and has been serving small business owners and individuals throughout the local area for well over 20 years.

The business provides a full range of floral products, gifts, and services for weddings, anniversary's, birthdays, events, special occasions, funerals, and holidays. Retail offerings include vases, glassware, gifts, gift baskets, greeting cards, balloons, rental displays, silk arrangements, candles, ribbon, plants, tropicals, and dried floral arrangements. All equipment and inventory to run a floral design studio and gift shop including shelving/storage, furniture, shop inventory, and delivery van are included in the sale. The business has great relationships with vendors (flower market, local farms, hard good suppliers, wholesale goods) and high-end event planners that will translate over to the new owner.

The business has a proven track record and has enjoyed controlled growth, mainly through referrals. Well-rounded income with wedding and other event based work during the spring/summer, holiday sales during the late fall/winter and busy florist holidays dabbled throughout the year. Same day delivery is available throughout the surrounding area.

Highly visible location in stand-alone building with attractive retail/studio combo space. Building is located on one of the town’s most heavily traveled streets and close to a large regional hospital, funeral homes and several upscale neighborhoods. Located in an economically vibrant small community, midway between Raleigh and Richmond. This is a very desirable area to live and work with many cultural and recreational opportunities.

After many years in the business, the owner’s personal situation has prompted him to pursue a change of careers. However, the ongoing success of the business is his main priority. He is looking for the right candidate to hand off this well-established business and brand and is willing to remain after the sale to ensure a smooth transition. No floral experience is required, but the ideal purchase candidate should have creativity and a strong client service ethic. Very experienced and reliable employee is expected to stay on with the new owner.

Attractive SBA financing package for business and real estate is available. Seller is open to financing a portion of the purchase price. Perfect for a buyer with retail and/or management experience. Confidential Listing. Detailed marketing package including company video is available upon signing of Non-disclosure Agreement. Contact Chad Barbour at (919) 263-2550 or chad@midstreet.com for additional details.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive, stand-alone building complete with all necessary furniture, fixtures and equipment. Seller owns the building and is willing to sell to a buyer with very attractive terms. A financing package is available with low down payment that includes business and real estate. Contact broker for further details.
Competition:
Only one other smaller competitor in the local area. This business has been in place for many years, has developed a loyal following and is largely driven by location and repeat customers.
Growth & Expansion:
This business is poised for new ownership and energy to continue its growth. Seller has done a tremendous job in building the business but realizes it could benefit in the hands of a new owner. If interested, Seller can provide several ideas to expand services beyond what is currently offered to generate even more cash flow. Contact broker for details.
Support & Training:
Seller is committed to helping a new owner achieve success and will provide substantial post-sale training and consultation (included in the purchase price). If needed, Seller is also willing to stay on with pay (negotiable) for up to 12 months to train and help ensure a smooth transition. Experienced staff is in place and is expected to remain with the new owner.
Reason for Selling:
Relocation
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Chad Barbour

Business Listed By:
Chad Barbour

MidStreet Mergers & Acquisitions

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Sponsoring Broker:
Jeffery Baxter


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