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: |
$286,752 (Annual) |
| Cash Flow Type: |
EBITDA |
| Relocatable Business: |
Yes |
| Sale Terms: |
Cash |
| Last Updated: |
3/30/2021 |
Overview / Comments
If you are thinking of Shopping Local and wish to provide customer service on a personal community basis this business opportunity is for you. Floral is part of lives and a special touch for special occasions. From a child's birth to Graduations, Weddings to the memory sharing and love shown at their passing - a Floral business is involved! Burkes Flowers is well-known and award winning—voted best florist year after year. The business is very successful with large loyal community customer base, major wire services, strong internet sales, Facebook following as well as on site Hospital Vending of fresh flowers for visiting loved ones. Located in Downtown Lapeer this 50 year floral business offers strong financials, customer base and reputation. Upon signing Business Confidentiality paperwork a full disclosure of the sale and it's strength for the buyer will be disclosed.
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Additional Details
| Nearest MSA: |
Flint |
| County: |
Lapeer |
| Industry Segment: |
Other Home and Garden |
| Reason for Selling: |
Owners Retiring |
| Value of Inventory Included ($): |
$30,000 |
| Value of Furniture, Fixtures, and Equipment ($): |
$20,000 |
| Real Estate Status: |
Not Applicable |
| Value of Real Estate Included ($): |
$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. |
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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