Business For Sale Listing 152403
30 Yr Old Florist and Cafe Next to Mortuary
Status as of Nov-22-2008 at 06:00 PM: Active
Business Summary
Well established flower shop with strong customer base and great location, right across from a Forest Lawn Mortuary.
This flower shop has been around for over 30 years and is considered by some to be a historical landmark. It was well managed and one of the busiest florists around until the late 90’s when it was sold by the original owner. The current owner bought it in 2001 and put $100,000 into upgrading the equipment (replaced existing coolers with brand new refrigeration equipment), sprucing up the exterior (new signage and repairs) and an interior facelift (new wood flooring, lighting, painting, murals). This plus some TLC has brought it back to a well run business. Additionally they have recently added a café to augment the sales and take advantage of the walk-in traffic. Although fairly new, the café sales are now 13% of total revenues. This shop competes on service, quality and flexibility. Their flowers are fresher, last longer and are more beautiful than the competitors. This shop has a stable base of customers from the mortuary, local clientele and corporate customers. Lots of opportunity for growth through longer hours and Sunday opening. Current hours are 9-6 and closed Sundays.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($382,000) |
| Profits: |
Under $100 Thousand ($44,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand (135,000) |
