Profitable Floral Shop In Area's Busiest Shopping
Relocatable, TN Not Disclosed
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- RE: Profitable Floral Shop In Area's Busiest Shopping
- Contact: Lauren Wingrove
Quick Facts
| Asking Price: | $285,000 | |
| Annual Revenue: | $145,848 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $48,029 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 3 | |
| BBN Listing #: | 951681 | |
| Broker Reference #: | 5182-993638 |
Business Overview:
Popular Florist and Gift Shop in Area's Busiest Shopping District
This business stands out as the area's top florist, providing both in-person and online design services tailored to different occasions, budgets and demographics. In addition to local and outlying delivery of flowers, they provide floral arrangements and other unique items to over 19 area funeral homes and over a combined 90 medical facilities and assisted living locations.
The ideal buyer can tap into their extensive customer database to explore innovative strategies for boosting revenue.
The right buyer will be able to continue the excellent customer service in place while discovering excellent opportunities open to exploration and resulting in growth.
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Property Features and Assets:
Real Estate Asking Price: $1,150,000.00
Market Competition and Expansion:
Competition: There are several other florists in the area, each with their own design trademark.
Expansion: Over the past five years, industry revenue is expected to have grown at a CAGR of 4.1% to $8.6 billion, including a bump of 0.5% in 2024, with profit set to reach 5.5% of industry revenue, according to IBIS World.
With the continuing growth of this popular Southern city, it is an opportunity awaiting the right entrepreneur to build revenue and add additional locations to meet the demand.
Reason for Selling:
Pursuing other business opportunities.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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