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Business for Sale Summary

Commercial & Retail Floral Business in Manhattan - 26036

Business Type: entertainment,catering and event planning,green businesses,florists
Commercial & Retail Floral Business in Manhattan
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Financial Information (non-confidential)

General Information
Asking Price $899,000 Down Payment $899,000
Gross Revenues $650,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$899,000 Down and Seller financing may be made available for qualified buyers

Business Description

This floral business has successfully serviced several hundreds of weddings, corporate events, hotels, weekly corporate office building accounts, and wealthy individual's home accounts since 2002. The owner is is open to take you on as a 50/50 strategic growth partner to scale up the business or sell it outright. 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. He has been in the floral business for 50 years (since the age of 8) and knows how to source product and design as well as anyone else. That's one of the main reasons why he is able to command such high profit margins. If you are interested in acquiring 100% of the business, he is willing to stay on under contract for 2-3 years to transition his clientele and pass on his know-how to you. Besides the owner, there are two other designers and a full-time driver. 80% of the business gets delivered. This is primarily a commercial rather than retail business, so don't be deceived by appearances if you do a walk-by. The asking price of $899K is for 100% of the business. That works out to a three times multiple of the owner's cash flow, which is quite reasonable when you consider he grew his sales by 30% last year. Please call listing broker Jay Goldman to make an appointment to meet with the owner. For further information call 1-877-735-5224.

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.