High End Florist With Customer Base
Location California,United States
Asking Price Range < $250K
Gross Revenues $487537
Net Profit / Cash Flow $26205
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1994
Number of Employees 6 - 9
Inventory 25500
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Moving.
Description This high end La Jolla florist for sale generates some of the highest revenues per square foot for any shop. This business has stellar unique account relationships with a number of large corporations that generate over $140,000 in annual sales, or 25% of total sales. Established for over 15 years in this prime location, the shop benefits from an excellent mix of complementary neighbors that provide a steady flow of traffic. The community has long favored this florist for its quality products and friendly service, coupled with its easily assessable location and large parking area.
Asking Price $75,000.
The business is located in a 1,657 square foot facility that leases for $7,912 per month (including CAM expenses), on a lease expiring in 2010, with a five year option. The facility has multiple walk-in coolers and plenty of design, storage and office space. The sale includes all the assets of the business, including the computer equipment, coolers, fixtures, name, three websites and 15 years of goodwill.
Competition is considered medium as other competitors do exist, however this business' mix of products and gifts, reputation, and corporate activity make it one of the most coveted flower shops in San Diego. This business has many growth opportunities. A new owner may capitalize on the current infrastructure to further grow the corporate (house) sales side of the business. New owners may also seek to expand the gift segment of the business to include chocolates and other specialty products.
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