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San Mateo County, California
FLORIST BUSINESS
Asking Price
$2,200,000
Revenue
$1,575,000
Down
Call/Email
Cash Flow
Call/Email
Name: Tim Cunha
Phone: Show phone number
Name
Tim Cunha
Phone
Show phone number
Description
When it comes to excellence in flowers and plants for personal, corporate, or event purposes, this retail florist stands far above the rest. Located on the San Francisco Peninsula, they deliver to the whole Bay Area, especially San Francisco, San Mateo County, & Silicon Valley, with a roster of highly affluent, loyal long-term customers with prominent roles in the tech industry, as well as in the arts and entertainment fields. The same family has owned and operated the business for over nine decades.
This part of California provides a market of unparalleled wealth, with an appreciation for the finer things in life – like the finest of floral displays and decorative plants – for innumerable occasions year-round.
The business operates from a leased 20,000+/- sq ft building with a current rate of approximately $35,000 per month. (The business owners own the rented premises and are exploring the possibility of the business relocating to a lower rental cost.)
The staff are all W-2 employees: 6 full-time and 12 part-time (with four of the employees being family members).
Annual sales vary from year to year, from about $1,600,000 to nearly $2,000,000. Seller’s Discretionary Earnings are substantial; the details will be discussed after an NDA is signed. The sellers contend that sales and profits will increase dramatically with new ownership and management.
The Transaction: The seller is open to all reasonable offers and terms.
The business is being offered for $2,200,000. This would include all assets used in the business, except accounts receivable, cash-on-hand, and any leasehold security deposit. This is for the entire business, including, as applicable, the business name, trade names, trademarks, proprietary methods and procedures, any other intellectual property, customer lists, vendor/supplier information, sales backlog, goodwill, tangible assets (tools, apparatus, furniture, fixtures, and equipment). A definitive list of assets will be included in any purchase agreement and will supersede this list. It does not include cash, accounts payable*, accounts receivable, or security deposits. (*Seller is responsible for A/P and payroll through the date of Closing.)
Some seller financing may be available to a qualified buyer.
Exclusive Broker: Tim Cunha, J.D., Cal. DRE #01919755
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Posting Information
Posting ID:
6790392
Business Category:
Retail
Business Types:
Flower Shop, Florist
Attributes:
Broker Cooperation
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
FLORIST BUSINESS
Posting ID
#6790392
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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