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Business for Sale Summary

Floral Business for Sale in Manhattan - 26036

Business Type: catering and event planning,seller financing available,florists
Floral Business for Sale in Manhattan
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Financial Information (non-confidential)

General Information
Asking Price $437,500 Down Payment $437,500
Gross Revenues $750,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$437,500 Down and The asking price is for a 50% stake in the business. The cash flow represented is for 100% of the business.

Business Description

Since 2002, this floral business has successfully serviced boutique hotels, corporate offices, wealthy individuals' homes, weddings, bar/bat mitzvahs,and corporate events.. The owner is open to taking on a 50/50 value-added growth partner to scale up the business further and to prepare for his eventual retirement. Alternatively, he would consider selling it outright and staying on for a year or two to provide all the transitional support and training you'll need to run it successfully on your own. A partner should come with his or her own rolodex of potential new accounts and financial/ accounting acumen to compliment the owner's many strengths. Please note that the asking price is for a 50% stake in the business. The cash flow represented here is for 100% of the business and is based on how it operated before the Covid-19 pandemic slowdown. The owner has been in the floral business for 50 plus years (since he was 8 years old) and knows how to source product and design as well as anyone. That's why he is able to command such high profit margins. Besides the owner, there are three other loyal full-time employees: one who designs and does set ups, another who does social media and is learning to design, and the third, who drives and delivers. Over 90% of sales are by check or on credit cards and are, therefore, easily verifiable. Historically this business has primarily been a commercial one. However, during and in the early stages of coming out of the pandemic, he brilliantly shifted his focus to wholesale and retail to stay afloat. That will significantly add to the commercial accounts, which are now coming back. Please do not speak with any of the employees or customers when visiting the location, as they do not know it's for sale. Instead, kindly call the listing broker, Jay Goldman, to make an appointment to meet with the seller to get a full tour of the facilities and ask some questions. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested, please at least become a free registered buyer under listing 26036 at www.vestedbb.com. in order to obtain the name & address of the business, upgrade to premium membership right away.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.