The Veld Group Listings: Westside Flower Shop with A+ Location

	Back to Listings << Previous Detailed Summary \| Next Detailed Summary >>
Westside Flower Shop with A+ Location

Industry Description	Flower Shop		SIC	5992
Days Open	6		Year Established	1989
Hours of Operation	M-F 9-5 Sat 9-2		Years Owned	1
Full-time Employees	Owner		Part-time	1
Other Notes
Hours/wk by Owner	30		Owners Duties	Various
Skills / Licenses Reqπd	None		Training Offered	TBD
Non-Compete Terms	As required

Exec. Summary	Fantastic, well-established turn-key flower shop in excellent location.

Lease / Bldg. Info.	1^st Floor of Building	Monthly Rent		$1,928/mo
Lease Commenced	n/a	Deposit
Lease Expires	April 2008	Term & Option		5yr w/option
Bldg./Area Description	Commercial	Square Footage		1,100 Sq. Ft.
Seats, Pkg, Zoning, etc.

Reason for Sale	Personal
Financial Summary	Current Yr. Annual	2003 / Owner to Prove		2002 / Owner to Prove
Gross Revenue	As 2003	$170,000 (Apr. ≠ Apr.)		$180,000
COGS		$50,000
Rent / CAM		$23,136
Payroll		$5,000
Net Profit (before tax)		$62,000
Discretionary Cash		$62,000

Expense Breakdown
Included in Sale	Assets			Liabilities
FF&E Included	$20,000	Lease Obligations		CC machine, Post Meter
Inventory Included	$3,500	Debt Included		$0
Other Assets Included	$5,000 Web site	Other Liabilities		$0
Working Capital (not incl)		Return on Sale Price		$0
Asking Price	$170,000	Owner Financing/Terms		TBD
Earnest Money Dep.	$10,000	Down Payment		TBD

Opportunity Summary

Headline

Flower Shop With A+ Location

Summary

This full-service flower shop is located in the heart of a major West Los Angeles beach city and serves Beverly Hills, Century City, Malibu, Santa Monica, Marina Del Rey, Pacific Palisades and Malibu. With its fantastic location and excellent access to various freeways, the shop poses a great opportunity for someone new to the flower business, as well as an existing owner looking to expand. The sale includes the flower shopπs fully functioning website and highly diversified (i.e. stable) client base comprised of the following sales/delivery channels: 26% FTD and Teleflora wire services; 64% Walk-ins, 8% Inbound Calls, and 1% Internet. From April 2003 to April 2004, the shopπs gross revenues were approximately $170,000, after deductions for wire services ($215,000 without deductions).

Facilities / Assets

The flower shop occupies approximately 1,100 square feet plus a large storage area. The business comes fully equipped with a full size refrigerator, a fully functioning website, two computers, and enough inventory to get a new owner off to a running start. Furniture, fixture and equipment are valued at $20,000 (not including the initial build-out), with inventory of $3,000+ and a $5,000 website.

Competition

Competition is deemed moderate in this urban, high traffic area. This shop does maintain significant name recognition, excellent referrals, as well as a well established corporate client base.

Growth Potential

At present, the flower shop does very little advertising. With the fantastic reputation and a complimentary website, there is tremendous potential for a new owner to maintain continued growth via aggressive advertising.

Other

8721 West Sunset Blvd. • Suite 103 • Los Angeles, CA 90069 ph 310•652•VELD {8353} fx 310•652•8363 toll free 866•600• 8353 {VELD}
contact@theveldgroup.com

Opportunity Summary
Headline	Flower Shop With A+ Location
Summary	This full-service flower shop is located in the heart of a major West Los Angeles beach city and serves Beverly Hills, Century City, Malibu, Santa Monica, Marina Del Rey, Pacific Palisades and Malibu. With its fantastic location and excellent access to various freeways, the shop poses a great opportunity for someone new to the flower business, as well as an existing owner looking to expand. The sale includes the flower shopπs fully functioning website and highly diversified (i.e. stable) client base comprised of the following sales/delivery channels: 26% FTD and Teleflora wire services; 64% Walk-ins, 8% Inbound Calls, and 1% Internet. From April 2003 to April 2004, the shopπs gross revenues were approximately $170,000, after deductions for wire services ($215,000 without deductions).
Facilities / Assets	The flower shop occupies approximately 1,100 square feet plus a large storage area. The business comes fully equipped with a full size refrigerator, a fully functioning website, two computers, and enough inventory to get a new owner off to a running start. Furniture, fixture and equipment are valued at $20,000 (not including the initial build-out), with inventory of $3,000+ and a $5,000 website.
Competition	Competition is deemed moderate in this urban, high traffic area. This shop does maintain significant name recognition, excellent referrals, as well as a well established corporate client base.
Growth Potential	At present, the flower shop does very little advertising. With the fantastic reputation and a complimentary website, there is tremendous potential for a new owner to maintain continued growth via aggressive advertising.
Other