Listing ID # 26036
Since 2002, this floral business has successfully servicedboutique hotels, corporate offices, wealthy individuals' homes, weddings, bar/bat mitzvahs,and corporate events.. The owner is now 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 is for 100% of the business. The owner has been in the floral business over 50 years (since the age of 8) and knows how to source product and design as well. 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. This is primarily a commercial rather than retail business, so don't be deceived by appearances when you go by. Please do not speak with the employees or customers about the business being for sale should you walk in, nor ask to speak with the owner. Instead, kindly call the listing broker to make an appointment to meet with him to get a full tour of the facilities.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.