High End Florist With Customer Base
Location:
United States
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California
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Southern California - San Diego Area
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La Jolla
Industry: Retail > Florist Retail
Business Summary
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 $60,000.
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.
Financials
Asking Price Range: < $250K
Gross Revenues:
$487,537
Cash Flow:
$26,205
Cash Flow Type: Sellers Discretionary Cash
Inventory: $25,500
Seller Financing: No
About The Business
Year Established: 1994
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Moving.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Florist Retail business for sale.
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Print Listing Id: 700104386
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