Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Florist Shop
(Retail)
Somerset County , NJ
Listed Price: $ 79,900
Listing ID: RETL366

Listing DetailsGross Revenue: $ 430,837
Cash Flow: $ 46,935
FFE: $ 40,000 (Included in Price)
Reason for Sale:

Owner is retiring after many years in the industry.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1972
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 2000
Facilities:


This fourteen-year-old retail facility which consist of approximately 2,000 square feet have a basic appearance and is on convenient county road for customer convenience. This opportunity is in North Central New Jersey, Somerset County, which consists of various affluent communities with continued demand for this industry.


SummaryBusiness Description:

This wonderful florist business consists of a local New Jersey company delivering courteous and professional service along with the highest quality floral and gift items since 1972. They are family owned and operated committed to offering only the finest floral arrangements and gifts, backed by service that is friendly and prompt. They value their customers and their professional staff is dedicated to making every experience a pleasant one. Their friendly staff are always prepared to assist with placing orders for delivery with flowers, plants or gift items. From wedding & special event flowers, designing the bouquets and arrangements, to sympathy flowers & tributes customizing their floral tributes. They also offer a variety of gift baskets, fruit & gourmet baskets, silk & dried floral arrangements, balloon bouquets, greeting cards, scented candles, and more! This florist company consist of 2 full time and 3 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis salary, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is estimated at $10,000. The 2018 yearly gross income represented by the seller owner is $430,837 and the business has a yearly net income of approximately $46,935 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2019 company’s gross income is expected to be similar to the previous year. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

May be considered with an appropriate down payment.