Profitable Floral Business For Sale

Business Opportunity for Sale
Catylist Listing ID: 30720025
Property Subtypes: Home and Garden
Building Size (RSF): 1,500 SF
Sale Price: $170,000
In Opportunity Zone? Yes
Name of Establishment: Burke's Flowers
Business Website Address: burkesflowers.net
Year Business Established: 1970
Gross Revenue: $456,000 (Annual)
Cash Flow: $286,752 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Cash
Last Updated: 3/30/2021

Overview / Comments

If you are thinking of Shopping Local and wish to provide customer service on a personal community basis this business opportunity is for you. Floral is part of lives and a special touch for special occasions. From a child's birth to Graduations, Weddings to the memory sharing and love shown at their passing - a Floral business is involved! Burkes Flowers is well-known and award winning—voted best florist year after year. The business is very successful with large loyal community customer base, major wire services, strong internet sales, Facebook following as well as on site Hospital Vending of fresh flowers for visiting loved ones. Located in Downtown Lapeer this 50 year floral business offers strong financials, customer base and reputation. Upon signing Business Confidentiality paperwork a full disclosure of the sale and it's strength for the buyer will be disclosed.

Additional Details

Nearest MSA: Flint
County: Lapeer
Industry Segment: Other Home and Garden
Reason for Selling: Owners Retiring
Value of Inventory Included ($): $30,000
Value of Furniture, Fixtures, and Equipment ($): $20,000
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0
Real Estate Lease Description: Currently leasing at $3000 per month as the Sellers own the business. They are offering a lease of $1500 per month to the buyer of the Floral Business.
Part of Planned Development?: Yes
Employee/Labor Description: Lead Designer staying with business 4 other employees currently work for the business Seller willing to stay on and handle deliveries for the new owner
Mgmt/Training Support Description: Available as needed to run the business. Recommended buyer has Floral experience, note that lead designer has 20 years in the business.
Competition/Market Description: Servicing the local Funeral Homes, Walmart, Hospitals etc. Only Floral Shop in Lapeer. Competition to floral shops are the quick Grocery Store locations. Teleflora provider, Website & In Store offerings for ease of pickup & delivery. With the delivery and Web orders they were more profitable in 2020, than 2019.
Growth/Expansion Opportunities: This would be an excellent location to expand an existing Floral Business.
Seller Financing Description: Cash but negotiable for the right buyer.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,168 19,863 26,094
Median Age: 35.14 39.58 41.17
Households: 2,120 7,544 9,889
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