Well Established Flower Shop For Sale

Lubbock County, TX (Relocatable)

Well Established Flower Shop For Sale
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Asking Price: Get Financing: $400,000

Cash Flow: $35,738

Gross Revenue: $399,425

EBITDA: N/A

FF&E: $79,500

Inventory: $1,500

Real Estate: $350,000

Established: 1993

Well Established Flower Shop For Sale

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Business Description

Well established, flower and gift shop proudly serving Lubbock for over 24 years. The business provides a full range of floral arrangements, gifts and services for weddings, anniversary's, birthdays, corporate events, special occasions, funerals and holidays with same day delivery throughout the surrounding area. Profitable business largely due to repeat customers, referrals and online orders. Company's association with nationwide services, Teleflora floral network, provides a large amount of online orders and makes it easy to deliver that special arrangement or gift anywhere in the US. The business has great relationships with vendors (flower market, hard good suppliers, wholesale goods). Business currently has approximately 4,250 house accounts on the books and has served 28,212 clients since opening. Owner is able to tap into a national market Teleflora association as well as local Lubbock market.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
4 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two-story 7,500 sq ft building with approximately 14 parking spaces. Building features new roof, HVAC unit in good condition and resealed parking lot. Highly visible location in stand-alone two-story building with ample parking space. Building is located on one of the town’s heavily traveled streets and is close to a large regional hospital. Spacious and attractive, building is complete with all necessary furniture, fixtures and equipment to operate floral business. Located in the heart of 34th Street revitalization project. Project recently provided a 5 lane street expansion, decorative street lights, landscaping and improved sidewalks.
Competition:
Several flower shops in the area however this business has been in place for many years. It has developed a loyal following and is largely driven by location and repeat customers.
Growth & Expansion:
The business is ready for new ownership and energy to continue its growth. Seller has built a highly reputable business but recognizes its potential in the hands of a new owner. High potential in extending operating hours, becoming a premier florist for local venues, adding and delivering gift items, engaging business contracts and advertising through social media.
Financing:
Lender pre-screened w/ $100k down.
Support & Training:
Will train for 2 weeks @ no cost. Two key full-time experienced, seasoned employees with a tenure of 10 years, two additional long term full-time and two part-time employees. No professional certification needed.
Reason for Selling:
Owner is ready to retire due to medical reasons.
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David Powell

Business Listed By:
David Powell

Murphy Business & Financial Corporation

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