Sold
Long Standing Floral and Gift Shop - SC2049
Long Standing Floral and Gift Shop SC2049
- Asking Price: $249,000
- Gross Revenue: $435,310
- Cash Flow: $148,387
- Down Payment: 0
- FF&E (Included): $30,000
- Inventory: $23,000
- Financing: No
Business Location
Elk Grove, Sacramento County, California
Primary Business Category:
This Northern California based Floral and Gift Shop is a California Sole Proprietor and was formed 10 years ago and has been servicing customers with their floral and gift needs. Anything that ranges from flowers, plants, gifts - including standard, premium and customized designs. Occasions they service include sympathy and funeral, get well, congratulations, birthday, anniversaries and weddings. Service is very personalized. Broker: ProEquity Asset Management Corporation License ID: 01870526
Competition Description
There are a few other florists in the area, but competition is minimal. One differentiator to competition is the gift shop this business has and the wide variety of gifts they have to offer, along with their delivery service. Within the shop, the 2 front rooms are filled with gift shop items including garden & home accessories, wall art, jewelry, lamps and stuffed animals.
Growth / Expansion overview
A large portion of the business directly comes from word of mouth and repeat customers. They have fantastic Google and Yelp reviews, along with a large number of weddings booked into the future. Last year, they implemented a new website allowing for separation from wire services (FTD & Bloomnet) adding to the top line and bottom line as the direct business is more profitable. There is a trend in the market of buying local, which this business has truly capitalized on.
Support / Training Comments
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new owner.
Reason For Sale
Seller retiring and moving out of area
- Home Based: No
- Year Established: 2011
- Franchise: No
- Year Acquired: 2011
- Willing to Train: Yes
- Relocatable: Yes
- Required Licences: n/a
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Monday-Saturday
- Hours Open: 8am to 4:30pm
- Fulltime Employees: 2
- Part time Employees: 1
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1,400 sq. ft
- Monthly Rent: $2,000
- Lease Expires: 06/30/2022
Broker: ProEquity Asset Management Corporation. License ID: 01870526
Listed By: Brett Sargent
Background information
Reference:
SC2049
Year established:
2011
Reason selling:
Seller retiring and moving out of area
Finance
Sales:
$435,310
Profits:
$150,482
Profit type:
Discretionary Earnings
Operations
Employees:
Fulltime Employees: 2 Part time Employees: 1
Equipment:
Upon request
Inventory:
Upon request
Premises
Facility:
Upon request
Square footage:
1,400
Rent and lease terms:
Lease Expires: 06/30/2022
Location:
Elk Grove, Sacramento County, California
Opportunities
Growth:
A large portion of the business directly comes from word of mouth and repeat customers. They have fantastic Google and Yelp reviews, along with a large number of weddings booked into the future. Last year, they implemented a new website allowing for separation from wire services (FTD & Bloomnet) adding to the top line and bottom line as the direct business is more profitable. There is a trend in the market of buying local, which this business has truly capitalized on.
Market:
Upon request
Price and terms
Price:
$249,000
Down payment:
$0
Financing:
No financing offered. Buyer will need traditional financing, SBA or cash to purchase the business.
Training:
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new owner.