MergerPlace

Well Established Flower Shop For Sale

Texas (Lubbock)


  • Asking Price: $400,000
  • Gross Income: $399,425
  • Cash Flow: $35,738
  • Real Estate: Not Disclosed
  • Inventory: $1,500
  • FF&E: $79,500
  • Listing ID: #200438
  • Established: 1993
  • Employees: 4 FT/2 PT

Business Description

Well established, flower and gift shop proudly serving Lubbock for over 24 years. The business provides a full range of floral arrangements, gifts and services for weddings, anniversary's, birthdays, corporate events, special occasions, funerals and holidays with same day delivery throughout the surrounding area. Profitable business largely due to repeat customers, referrals and online orders. Company's association with nationwide services, Teleflora floral network, provides a large amount of online orders and makes it easy to deliver that special arrangement or gift anywhere in the US. The business has great relationships with vendors (flower market, hard good suppliers, wholesale goods). Business currently has approximately 4,250 house accounts on the books and has served 28,212 clients since opening. Owner is able to tap into a national market Teleflora association as well as local Lubbock market.


Business Details

Primary Business Category: Retail Trade - Florists
Location: Texas
County: Lubbock

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT/2 PT

Financial Information

Asking Price: $400,000
Gross Revenue: $399,425
Cash Flow: $35,738
FF&E: $79,500
Inventory: $1,500
Seller Financing Available: No

Property Information

Facilities:

Two-story 7,500 sq ft building with approximately 14 parking spaces. Building features new roof, HVAC unit in good condition and resealed parking lot. Highly visible location in stand-alone two-story building with ample parking space. Building is located on one of the town’s heavily traveled streets and is close to a large regional hospital. Spacious and attractive, building is complete with all necessary furniture, fixtures and equipment to operate floral business. Located in the heart of 34th Street revitalization project. Project recently provided a 5 lane street expansion, decorative street lights, landscaping and improved sidewalks.

Growth & expansion opportunities:

The business is ready for new ownership and energy to continue its growth. Seller has built a highly reputable business but recognizes its potential in the hands of a new owner. High potential in extending operating hours, becoming a premier florist for local venues, adding and delivering gift items, engaging business contracts and advertising through social media.

Competition:

Several flower shops in the area however this business has been in place for many years. It has developed a loyal following and is largely driven by location and repeat customers.

Reason for selling:

Owner is ready to retire due to medical reasons.

Support & Training:

Will train for 2 weeks @ no cost. Two key full-time experienced, seasoned employees with a tenure of 10 years, two additional long term full-time and two part-time employees. No professional certification needed.

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers