Description About This Posting: Online Florist Web-Based Floral Design And Deliver
Floral design market leader with over 80 years of market presence and sterling reputation. Online web-based sales predominate with little face-to-face walk-in trade. Sales approach $1million annually, with SDE of $120k, and growing. Some seller-financing may be available for a qualified buyer.
Founded in the 1930s, for over 80 years this highly-respected florist has served Contra Costa County in the San Francisco Bay metro area. With exceptional buying power in the floral industry, growers deliver fresh blooms directly to the company's warehouse, resulting in the reputation for having the freshest flowers and plants in the market.
In the 'new economy' online sales take on even greater value as consumers will reduce in-person direct retail shopping. So, this business is perfectly situated for extensive growth over the remainder of 2020 and into the new decade.
Most sales come from the internet, from a well-established base of returning customers individual and corporate accounts, from funeral homes, and from wedding and event venues (e.g., country clubs). The business does not rely on walk-in 'face-to-face' customers.
Sales for the full fiscal year of 2019 were $966,000 with a calculated estimated Seller's Discretionary Earnings of $121,000. And this is for the first year of operations under the new owners who acquired the business in mid-January 2018. The SDE is calculated for one 'owner-operator' based on the two owners each working approximately half-time, the equivalent of one owner-operator.
The staff is comprised of some of the most talented and skilled professional floral designers in northern California, with decades of cumulative experience. There are four full-time employees, nine part-time employees (plus two part-time owners), for a total permanent staff of 13.
The business is housed in a 4,680+/- sq. ft. building with six specifically-designated parking spaces, for a monthly rent of $4,400. The lease renews at the end of 2022. The facility consists of a warehouse/distribution area with a loft, five offices, and two reception areas.
The physical/tangible assets, including vehicles, have an estimated replacement value of just over $50,000, and they provide all the infrastructure necessary for current and expanded future operations.
The business is offered for an asking price of $179,900 less than 1.5x SDE.
The transaction will be for the purchase of the entire business both tangible and intangible assets, including all inventory, vehicles, tools, web sites, phone numbers, customer database, but not including accounts receivable, accounts payable, cash-on-hand, corporate entity, and rental deposit. Sellers will provide all necessary support for a seamless and easy transition.
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.
To get more information about this Online Florist Web-Based Floral Design And Deliver business for sale in
San Francisco Bay Metro Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #263034 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Online Florist Web-Based Floral Design And Deliver, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
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Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
I have over 20 years of small business experience, a law degree and well-versed in real estate regulations and best practices. I work tirelessly to create successful strategies & effective negotiations for those wishing to sell or buy a SF business. Call 415-309-2722 (Cell/Text).
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I provide niche business purchase financial advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages, etc. To get more information about getting Pre-Qualified & more info on the ProBuy/ProSell Programs: 925-785-3118 Direct.
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