MergerPlace

25+ Year Northern Kentucky Florist

Covington, Kentucky (Boone)


  • Asking Price: $80,000
  • Gross Income: $410,000
  • Cash Flow: $32,000
  • Real Estate: Not Disclosed
  • Inventory: $22,000
  • FF&E: $2,000
  • Listing ID: #201752
  • Established: 1992
  • Employees: 3

Business Description

The original owner, over 65 years of age, of this independent and well - established florist is ready to retire after developing the business into a very smooth running operation. The reputation of this florist is impeccable because of the seasoned staff that is present. From the assistant manager who has been with the company for over 20 years to the award winning designer who has been with the company for over 25 years to the sales person who has been employed for 20 years, this company is poised to grow significantly with a marketing oriented buyer. This business is offered as an asset purchase, free and clear of debt. Highlights include:

Drive in garage
2 large walk in coolers
Clean books and records
2 – 3 weddings per week
Established commercial accounts
Property available in addition to business
Includes approximately $22,000 in inventory
Florist software used on 7 networked computers


Business Details

Primary Business Category: Retail Trade - Florists
Location: Kentucky
Metropolitan Area: Covington
County: Boone

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $80,000
Gross Revenue: $410,000
Cash Flow: $32,000
EBITDA: $32,000
FF&E: $2,000
Inventory: $22,000
Seller Financing Available: Yes

Property Information

Facilities:

There is amply room in the building for considerably more growth. With the drive in garage along with the 2 large walk in coolers, the shop has been well designed for a smooth running florist operation.

Growth & expansion opportunities:

Because of the age of the owner, growth has not been on the radar screen, but quality of workmanship has been so growth can be achieved through social media and advertising along with developing relationships with venues and bridal consultants.

Competition:

The company sets themselves apart from the competition because of their design capabilities and the great reputation they have developed over their 25+ year history.

Reason for selling:

The seller is approaching 70 years old and is ready to retire.

Support & Training:

The seller will stay on as long as necessary to ensure the comfort level of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers