Invest $25k & earn $50k in Flower Shop

Chittenden County, VT

Invest $25k & earn $50k in Flower Shop
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Asking Price: $85,000

Cash Flow: $75,000

Gross Revenue: $445,000

EBITDA: N/A

FF&E: $15,000

Inventory: $5,000*

Established: N/A

*not included in asking price.

Invest $25k & earn $50k in Flower Shop

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Business Description

Prime location for established flower shop will earn you $50k with $25 down.

This is an attractive small business that will appeal to an individual who is either entrepreneurial, artistic or both as well as another florist looking to grow through acquisition. The business is very well established and enjoys an excellent reputation. It has a superior location on a high traffic street and is the closest florist to key accounts that routinely order flowers. The area is growing and is expected to add new businesses and new residential housing – both of which could add sales to this company. Revenues and owner draws have been consistent and provide a good base for a new owner. This florist operates with a minimal number of employees and does not require significant asset replacement nor large amounts of working capital. This specialty retail/service business is priced at $855,000 plus inventory. It provides a great lifestyle and decent income to its owner.

Detailed Information

Inventory:
Not included in asking price
Employees:
2FTE 3 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
It leases a 1200 square foot storefront on a high traffic street in a strategic location. The lease is currently on a month by month basis but the landlord is amenable to a longer term lease if desired. The store is equipped with two walk-in coolers, work desks, retail display racks and various other furniture and office equipment. A delivery van is included in the price.
Competition:
The area is serviced by seven other retail florists in addition to grocery chains and box stores that retail flowers. This store is known for high quality and service and has a great reputation
Growth & Expansion:
While the business does very well as it is currently run, a new owner could consider the following strategies to expand the business: • Attend bridal trade shows and partner with bridal consultants • Solicit and partner with funeral directors • Work with more internet providers ( profitability must be considered) • Increase the social media presence • Partner with chocolate, candy or synergistic gift providers • Run daily in- shop specials
Financing:
Some minor financing considered
Support & Training:
Seller will work and train a new owner as needed and reasonable
Reason for Selling:
Retirement
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Contact the Seller

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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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