PREMIER LUXURY FLORIST

Undisclosed Address, Sarasota, FL
Business Opportunity for Sale
Catylist Listing ID: 30785968
Property Subtypes: Professional Services
Building Size (RSF): See Agent
Sale Price: $699,000
In Opportunity Zone? Yes
Gross Revenue: $1,328,000 (Annual)
Cash Flow: $158,000 (Annual)
Cash Flow Type: EBITDA
Last Updated: 11/17/2022

Overview / Comments

This locally owned and operated, full-service flower shop, specializing in weddings and events, offers unique premium floral arrangements for any occasion. Their impeccable reputation makes it a “Preferred Florist” on numerous wedding venue lists. This shop creates an average of 225 weddings a year! They provide a full array of flowers, arrangements, interior plants, special occasion gifts, Christmas decorations, etc.
This is a highly-established and well-managed business that provides extraordinary flower arrangements to both commercial and retail customers. This business has been proven both COVID- and recession-proof as people continue to express their feelings by sending flowers multiple times per year. This is a perfect business for an owner-operator or absentee-owner.
The company’s principal has been in the floral industry for her entire business career. She has four key employees who can completely run the business. The lead designer has been with the company for more than seven years and the lead wedding sales manager has been on board for six years. These two associates have been in the wedding and event business in Florida and the mid-west for well over two decades. The design room manager has been with the company for two years after retiring from successfully running his own floral business in New York for thirty years.
This is a turn-key business with a strong, loyal customer base of individuals, corporate accounts and local philanthropic organizations. Included with the sale is a walk-in cooler, two cargo vans, all furniture, fixtures, equipment, tools, inventory, digital assets, established published phone number, 3,000+ customer database, exceptional websites, point of sale system, and credit card processing system; showroom, consultation studio, warehouse, prep areas, and walk-in cooler are all on premises. The business has invested a great amount of time and capital into its website/e-commerce platform which has led to dramatic revenue growth and an increase in average order size. Excellent and accurate books and records are available.

Additional Details

Industry Segment: Other Professional Services
Reason for Selling: Retirement
Value of Inventory Included ($): $150,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: four weeks
Seller Financing Description: Possible owner financing based on Buyer financials etc

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 83,281 168,325
Median Age: 41.53 45.43 47.86
Households: 6,284 37,116 77,217

Contact

Photograph of Listing Agent

Michael S Gallatin

SARABAY REAL ESTATE INC MFCRE Member
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