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BUSINESS FOR SALE - PROFILE #  05221649

Florist-Busy Downtown Location
Southern Connecticut

Asking Price: $95,000   Down Payment: $95,000  
Gross Revenue: $150,000   Adj. Cash Flow*: $25,000  
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Executive Summary
Business started by owner in 1986. Operates in fully equipped 1,400 square foot shop in the center of town with ample parking in rear of store and on street. Owner runs the business with one full time emoloyee. Equipment includes a 3-Door walk-in display cooler, 4-Door and 2 Door reach-in coolers and 2 single door coolers, many display shelves and cabinets and a full separate office. In addition, a 2010 Ford Transit Connect with 85,000 miles is included in the sale. The business produces flowers, plants and beautiful floral arrangements for all occasions including weddings, child births, birthdays, funerals, all holidays, mothers day, religious occasions, Valentine's Day and is open six days per week. Business also produces gourmet and fruit baskets. It has a professional website. The owner is retiring after many years and will assist the buyers in getting off to a good start after puchase. Seller recommends a family purchase of the business with several members of the family involved and concentrating on marketing efforts to substantially increase sales volume. Seller feels the potential of the business is far greater than the current annual revenue of about $150,000 would suggest. Business is not affiliated with Tele Flora, FTD or 1-800 Flowers but does have an affiliation with Flowershop Network. A new lease for the premises must be negotiated with landlord.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1986 Inventory: $5,000 Included
Employees: 1 Furniture, Fixtures & Equipment: $50,000 Included
Lease/Rent: $1,200 Real Estate:
Building Sq Ft: 1,400
    Total Assets Included in Sale: $55,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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