Very Successful Florist For Sale-Excellent Cash Flow, Recurring Revenue

Price: $350,000

Location: The Jersey Shore (Ocean County)

Industry: Florist, Floral Arrangements, Weddings, Holiday's, Important Events, Floral Designer

Listing ID: BAE201707


Florist

Listing Description

This florist shop runs like a “Well-Oiled Machine”, it has recurring revenue and excellent cash flow. The current owners have owned this florist business for over 15 years and have the best reputation in the community and their respective industry. The physical location has been home to a flower shop business for over 30+ years. The current owner’s purchased it from another florist as a going concern. They are the go-to source for many wedding planners, online e-commerce flower providers, catering halls, and other high volume/high frequency floral arrangement purchasers. Their stand-alone brick & mortar flower shop is located off of a very busy street in the heart of The Jersey Shore.  This is a very busy shop that is almost 3x larger than the average florist in terms of gross revenue. (Average florist businesses do approx. $225,000 in annual gross revenue. -per the U.S. Dept of Labor). About 40% of this businesses revenue comes from their affiliation & partnership with online giant 1-800-Flowers. This affiliation  gives them Guaranteed year round orders. They are Platinum Premier Vendors for 1-800-Flowers, which is not an easily obtainable membership. It takes years to reach this status as they are basically the preferred vendor in the area.

This business has excellent profit margins that are definitely above the industry average. The owner’s have been in this business for over 40 years and have really built a system that allows them to be highly efficient as well as purchase their inventory in bulk for a fraction of what a florist usually pays. They are willing to train, teach and transition this excellent “lifestyle” business over to any qualified buyer that has the passion and/or willingness to learn this industry. If you have experience as a designer that will certainly help but is necessary. Anyone with a creative mind and good business acumen will succeed with this business. This is owner’s second business in this industry, they successfully sold their first shop which is still in business today!! This just proves that their business formula works and is transferable. There are an estimated $3 Billion dollars a year in flower sales….American’s love flowers, there is no doubt about it.

This business has a couple seasoned floral designers that have been working with them for many years. These designers could be promoted to management, if this business is bought by someone who wants to take a semi-passive ownership role in the business. The current owner’s own the real estate (not included in the sale price) and are willing to offer a lengthy and favorable lease to the new owner. They also own and operate several other ancillary businesses and charities that generate a significant amount of flower purchase referrals, which they are more than happy to continue this relationship with the shop and the new owner.  Your success is their success and they are willing to do whatever it takes to make sure that the new owner succeeds. They have a beautiful shop and very well maintained equipment. The sellers are very proud of their business and we are confident that a new owner will be too.

They are extremely busy and have managed to build a tremendous amount of goodwill in their name. This past Mother’s Day they did over 1,600 deliveries! This business is a cash flow machine. For more info, please contact Business Acquisition Experts- Business Brokers at (646)737-5273.

Listing Details

Total Sales: $643,113

Cash Flow: $176,600

FFE: $30,000 (Included in Price)

Inventory: $10,000 (Included in Price)

Reason For Sale:

This is the seller's second florist shop and they have been in the business for a combined 40+ years. They want to sell for semi-retirement and to focus on their other businesses and charities that they have.

Training & Support:

Yes 30 days of Full Training and On-Going Support comes with the acquisition of this business.

Operation

Year Established: 2001

Year of Last Acquisition: 2001

Owner Hours Per Week: 40-50

Employees: 2 full time and 4 part time

Managers: 1

Location

Lease Option: 10 Years

Monthly Rent: 4,000

Type of Location: Stand Alone

Square Footage: 3,000

Facilities Information:

Stand-alone retail facility with ample parking and plenty of room for shopping space to sell other complimentary goods & products. Located in a very busy area of the Jersey Shore with close access to the Garden State Parkway

Summary

Owner Qualifications:

Prior floral design and business experience definitely helpful but not crucial to ongoing success. Because the seller’s are more than happy to teach the new owner everything that is needed to succeed and prosper.

Competition:

A few very small shops are in the area but they have NO impact whatsoever on this business. They are by far the best and largest in the surrounding area, hands down!

Potential Growth:

Their name, superb business model, efficient production, and contacts can easily be leveraged and used to open multiple new brick and mortar locations to fuel growth.

Financing/Terms:

Negotiable