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Large Single Location Florist
NCListing DetailsOffice ID: FLORAL6
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $450,000
Gross Revenue: $1,198,230
Cash Flow: $171,000
12 Month Forecast: $1,500,000
Inventory: $100,000
Inventory Included: No
FF&E: $147,500
FF&E Included: Yes
Sale Price: $425,000
Sales Structure: Asset Sale
Seller Financing: Yes
Seller will participate in SBA required seller financing.
Reason for Sale:
Seller will provide up to 45 calendar days of included transition support.
OperationsYear Established: 2013
Last Acquired: 2016
Form of Ownership: LLC
Employees (full-time): 12
Managers: 1
Business Hours: 9-5 M-F; 9-2 SAT
Business Description:
This family owned profitable single location fresh flower shop provides a full range of floral products, gifts and services for weddings, anniversary's, birthdays, valentine's day, mothers day, events, special occasions, funerals and holidays. Same day delivery is available in Raleigh and surrounding areas. The business includes an extensive amount of codified* and non-codified inventory including vases, glassware, gifts, gourmet and fruit baskets, gift baskets, greeting cards, balloons, rental displays, silk arrangements, candles, ribbon, plants, tropicals, and dried floral arrangements. As it operates today the business has acquired approximately ten area florists representing over 30 years of experience and serves over 30,000 clients. The business owns a fleet of vans that has been well maintained. Employee count fluctuates somewhat based on season. The business accepts VISA, Mastercard, Discover and AMEX and offers a 100% satisfaction guarantee. Financial information is for calendar 2015. INVENTORY IS NOT INCLUDED IN THE ASKING PRICE. Inventory as of the day of closing will be added to the purchase price. Annual Net Profit/Owner Benefit/Seller Discretionary Cash Flow has been calculated by adding the taxable net profit for the year, loan repayments to owner, non-business expenses and investment to acquire additional floral businesses assets. * Codified inventory is inventory that is purchased specifically for products fulfilled for wire services to insure that the product ordered online matches the product that is delivered to the customer.
Historical Summary:
The business was started in 2013 by a husband and wife team. Over the years the business has acquired multiple other retail florists/designers.
Owner Qualifications:
Profitability would be enhanced by having an owner/operator that was an experienced floral designer.
This business has high volume wire business from Teleflora, FTD and Bloomnet setting it apart from the competition and receiving higher commissions.
Potential Growth:
Owner has begun purchasing plant material direct at substantial savings.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Square Footage: 5600
The 5,600 building is located centrally and has adequate parking for employee and delivery vehicles.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Jul 20, 2016 / 11:42 AM