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This Business has been Sold!
Closing Date: 07/29/2005

Business for Sale Summary

Florist and Gift Basket Business - 3640

Business Type: retailing businesses,florists,misc. retail/non-classifiable
Sold
Florist and Gift Basket Business
On July 29th 2005, The Undersigned
Acted as the Advisor to the Deal
Marie Goldstein
Marie Goldstein Senior Broker
Servicing: This Broker is Servicing All of CT, ME, NC, NH, NJ, NY, OH and PA
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.

Financial Information (non-confidential)

General Information
Asking Price $595,000 Down Payment $350,000
Gross Revenues $1,080,858 Lease Remaining Register Free to View
Owner’s Cash Flow $395,314 Number of FT Employees Register Free to View

Financing

$350,000 Down and 245,000 @ 6.5% over 60 months

Business Description

Established in 1971 and in business for 34 years this turnkey operation has consistently ranked among the busiest and highest grossing floral businesses in New York. Located on a very busy major shopping thoroughfare, this store is very close to mass transit and is situated in a very intensely populated neighborhood. One of the strengths of this operation is that its diversification consists of weddings, funerals, corporate work as well as street retail trade and a thriving gift basket operation. It has developed a loyal customer base in excess of 11,000 businesses and individuals and has positioned itself as the house florist for most of the catering halls and wedding centers in the area. This operation consistently generates a huge portion of its revenue from telephone sales and from the floral wire services and all this without an outside sales staff! Fully computerized with 4 terminals through out the store the operation utilizes 10 phone lines plus a DSL line. In addition a delivery van and a cargo van are utilized for delivery and transporting product. To make this story even more compelling, the new business owner will benefit from a newly signed 15 year lease (10 5 option). This opportunity is for a serious business person who wants to make serious money. Check it out.

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.