This Is A Rare Opportunity To Own A Wholesale Facility In The Los Angeles Flower District, The Primary Market For Flower Growers, Shippers, Suppliers, Floral Wholesalers, Distributors, Floral Designers And Retail Florists. The Business Generates Over 1,800,000 Per Year In Gross Revenues With Annual Cash Flows Of Over 287,000. The Current Owners Have Successfully Operated This Business For Over 18 Years At This Location Developing A Loyal Customer Base. The Market Is Generally Opened From 2am Until Noon On Monday, Wednesday, And Fridays, And 5am Until Noon On Tuesday, Thursday, And Saturdays.
The Sale Includes A Recently Negotiated 3-Year Lease Due To Expire In March 2009. The Facility Is Approximately 3,000 Square Feet, Consisting Of Display Areas, 2 Separate Refrigerated Storage Units, And 2 Industrial Size Sinks, At A Monthly Expense Of 8,000 (Less Than 2.67 Per Square Foot). The Business Is Strategically Located Next To One Of The Main Entrances To The Market With Excellent Parking Lot Access.
Competition Is Considered High Since Flowers Can Be Purchased From Any Wholesaler In The Market.
The Market And The Surrounding Areas Are Part Of The Los Angeles Fashion District Business Improvement District, Undergoing Major Renovations In An Effort To Clean Up The Downtown District. The Proposed Closures Of Other Wholesale Markets Within Southern California Should Also Increase Traffic To The Downtown Market.
Support/Training: Seller Will Train For 4 Weeks At 25 Hours.
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