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This is a family owned business (non-franchise). It is in a popular location in a strip mall, and surrounded by super markets and many other notable shops. They have repeat business because of their excellent customer service and high-quality flowers and displays. A nearby flower shop (Large Franchise) recently closed, and this may be an opportunity to reach out to potential customers in that area. Weddings and special events are a couple of areas that the Seller's believe would be an opportunity for growth. In addition to repeat customers, new customers, and walk-ins, they work with local funeral homes and hospitals.
The business has been pre-qualified for SBA lending opportunities through Plumas Bank. Please contact the broker for more information, Carol Bennett at cbennett@sunbeltnetwork.com
Products and Services: 70% flowers, 20% plants, and 10% giftware
Listed By: Carol Bennett
Background information
Year established:
2004
Reason selling:
Retirement
Finance
Sales:
$783,463
Profits:
$328,510
Profit type:
Discretionary Earnings
Operations
Employees:
2 FT, 7 PT
Equipment:
2 Vans, Lare Refrigeration Storage Unit, and Glass Case Other, FF&E $14,000
Inventory:
Avg: Between $6,000-$12,000 (not included in price), and fluctuates in different seasons.
Furniture fixtures and equipment:
$75,000 including refrigeration and vans
Premises
Facility:
Located in a Mall Strip of large notable markets, off a busy Highway
Square footage:
1,500
Rent and lease terms:
$3,735 rent, $1,086 CAM, Exp 9/2027 5 Year Option
Location:
Kern County
Opportunities
Growth:
Seller suggests working more on Marketing and Wedding Venues
Price and terms
Price:
$530,000
Down payment:
$80,000
Financing:
SBA approved by Plumas Bank, 10-12% down
Training:
80 Hours to be divided up as agreed to by Buyer and Seller