Price: $199,900
Location: Warren County, New Jersey
Industry: Services
Listing ID: retl472
Owner retiring for this Wonderful business opportunity for this successful business, located in Northern New Jersey and in the county of Warren. The company has a gross yearly income of $500,000 and a $80,000 net yearly cash flow. This sale opportunity consists of a successful florist retail shop that offers a full menu of flowers and additional items. The florist delivers courteous, professional service and the highest quality floral and gift items in the area. Their experienced designers offer the best possible flower arrangements for any occasion. They will also collaborate with you to ensure your floral designs will complement your occasion and meet your budget and style expectations. They are affiliated with all local funeral parlors / businesses, and they offer daily delivery service to all local funeral homes, hospitals, and nursing homes. They offer dependable professional service to Northern New Jersey and will design and deliver flowers that beautifully convey your expressions. Their beautiful selection of high-quality flowers and eye-catching design styles are sure to bring rave reviews on your wedding day or at any festive occasion. Their trained floral experts are ready to help you make your wedding day special, planning a wonderful, joyful, and easy experience. This is a dependable business opportunity and based on the asking price, this company expect to supply a consistent investment return to the owner operator prior to debt service.
Listing Details
Revenue: $504,000
Cash Flow: $80,000
FFE: $90,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
The owner will remain post-closing for a minimum of 60 days in order to supply an appropriate transitional period to the new operator.
Training & Support:
The owner will remain post-closing for a minimum of 60 days in order to supply an appropriate transitional period to the new operator.
Operation
Year Established: 1985
Days & Hours of Operation: The business is active six days per week, with hours from 9:00 am to 5:30 pm.
Owner Hours Per Week: Full Time
Employees: This particular business has two-part employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800.
Location
Security on Lease: Two months
Lease Option: Yes additional options.
Monthly Rent: 3,300
Type of Location: Commercial Avenue
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
The retail facility consists of approximately 2,000 square feet with a professional appearance and is located on an active county road conveniently near various highways. The business is in a mid-size mall with various other successful businesses. This opportunity is located in Northern New Jersey, Warren County, which consists of various communities with continued demand for this particular industry.
Summary
Owner Qualifications:
This industry does not require government agency approval to purchase or operate.
Competition:
To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Potential Growth:
The business presently has a limited marketing budget and if improved can further develop the business bottom line net income.
Financing/Terms:
seller financing has been approved to a qualified buyer with an appropriate down payment, collateral credit rating.
