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Flowers And Gifts For Every Occasion
Location: United States -> California
Industry: Retail > Florist Retail

Business Summary

Flowers and Gifts for Every Occasion - Florist with Real Estate - 37 Years in Same Location
Escondido Florist has been family owned and operated since 1974. Business offers flowers, plants, gifts and event services. Orders are placed on-line, by phone and walk-in customers. The business is marketed on-line, through referral and word of mouth, as well as window displays and murals. There is ample opportunity to expand with additional emphasis on small private events and funerals and other locations could be opened.
Seller is ready to retire and pass the baton to another local family to make their own and enjoy for years to come.
Retail property value is estimated at $1,050,000 including two structures. The main structure at corner of downtown lot is 2436 sqft and the secondary structure is about 1000 sqft. Plenty of parking on street and adjacent lot. The business value is estimated at $349,972 including FFE of approximately $73,000 and Inventory of about $78,000. Two ford transits and two older delivery vehicles transfer. There are 6 employees and 1 contractor (2.5 designers, .5 front sales, 2 drivers/flower cleaners, 1 PT driver). Open 9-5 M-F, closed Sat/Sun except by appointment. Buyer will need to replace seller-s daily general management, design, buying and event consulting roles.
Something to consider: If you have the minimum down payment and good credit, you could own a business that cash flows over $180k...and the property for about $2.5k per month more than the rent.
SBA possible. 2021 Gross: $1,320,611. SDE: $181,174.37. Asking price of $1,399,972 includes real estate!


Asking Price Range:  $250K - $500K
Gross Revenues:   $1,320,611
Cash Flow:   $181,174
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $125,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1974
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement


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Flowers And Gifts For Every Occasion Photo 1

Print Listing Id: 700371031
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