Profile: Retail Florist Or Conversion Opportunity.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
David Haug, Broker
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| Primary Phone: |
858-391-3388 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
12/2/08 |
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| Date Last Revised: |
12/2/08 |
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| BizBen Ad #: |
117523 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$85,000 |
| Down Payment: |
$85,000 |
| Annual Revenue: |
$156,186 |
| Annual Adjusted Net: |
$33,714 |
| Price Range: |
$0 to $100,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Executive Summary
This Long Established, Strategically Located Retail Florist Is Positioned Near Three Major Hospitals. The Flower Shop Has Served The Community For 35 Years, Is Tastefully Decorated And Has Excellent Capacity To Handle Both Large And Small Orders. Teleflora Service Is Currently Being Used. The Company Makes Local Deliveries With A Newer Van Purchased Two Years Ago. In The Back Of The Store, There Are Two Large Display Coolers And One Large Storage Cooler. The Store Has A Large Production Area And The Business Also Owns And Uses A 15 Foot Shipping Container Behind The Store. There Are Excellent Traffic Counts Passing This Store Which Is In Close Proximity To Sharp Memorial Hospital, Sharp Mary Birch, Rady Children’s Hospital, And Mesa Vista Hospital. The Seller Has Developed A Relationship With Sharp In That She Provides A Display Centerpiece In The Lobby Each Week And In Return Sharp Sends Her Referrals. The Store Also Has Numerous Accounts With The Surrounding Hospitals In Addition To Doctors' Offices And Courthouses In The Area.
Marketing
The Business Relies On Walk- And Drive-By Traffic; Web Site Traffic; 35-Year Reputation; Currently Uses Teleflora Wire Services
Strengths & Opportunities
Excellent Location-Surrounded By Three Hospitals; Great Lease Terms Available; Long Track Record; Reliable Driver; New Van; Large Size; Extra Storage (Shipping Container) In The Back; Two Coolers In The Front And One Large Cooler In The Back
Hours & Staffing
Monday-Friday 9-6, Saturday 10-3 And Closed On Sunday. There Is One Quality Employee Who Primarily Delivers Flowers And Assists At The Store On An As Needed Basis.
Area, Facilities & Equipment
Traffic Genesee/Health Center 23K A Day; Traffic On Starling/Health Center 8K A Day; Close To Mesa College; 14,000 Businesses Within A Five Mile Radius; Huge Daytime Population Of 260,000; Residential Population Is 229,000; White Population Is 67% Followed By Asian 12%; Average Household Income 69,000
Company History
This Florist Store Was Opened Over 35 Years Ago By Its Founder Who Sold It In 2004 To The Current Owner. Present Owner Has Remodeled The Store, Improved Operations, And Bought A New Delivery Van.
Financial Summary
The Store May Be Converted To Food Or Restaurant Use Upon Landlord’s Approval. Due To The Lack Of Restaurants In The Nearby Area, The Highest And Best Use Of The Space Could Be As A Restaurant.
Other Comments
Seller Expects Buyer To Assume Lease Payments On The 2005 Chevy Astro Van Of 386/Mo, Which Expires In June Of 2011 And The Teleflora Dove System, Which Is 302/Mo. This Expires In June Of 2009.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
David Haug, Broker at 858-391-3388 Non Disclosure Agreement |
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