Industry Description

Flower Shop

SIC

5992

Days Open

6

Year Established

1979

Hours of Operation

M-F 9-5 Sat 9-2

Years Owned

2

Full-time Employees

1

Part-time

2

Other Notes

Visit www.rubybflowers.com

Hours/wk by Owner

30

Owners Duties

Various

Skills / Licenses ReqÕd

none

Training Offered

2 weeks 20 hours

Non-Compete Terms

2 years, 5 miles

Exec. Summary

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

Lease / Bldg. Info.

Small Mall

Monthly Rent

$1,050

Lease Commenced

n/a

Deposit

Lease Expires

Month to Month

Term & Option

5yr

Bldg./Area Description

Commercial

Square Footage

Approx. 700

Seats, Pkg, Zoning, etc.

Reason for Sale

Financial Summary

Current Yr. Annual

2003 / Owner to Prove

2002 / Owner to Prove

Gross Revenue

$53,084 thru 05/04

$105,448

COGS

$37,081

Rent / CAM

$12,600

Payroll

$12,000

Net Profit (before tax)

Discretionary Cash

$36,000

Expense Breakdown

Included in Sale

Assets

Liabilities

FF&E Included

$11,000

Lease Obligations

CC machine, Post Meter

Inventory Included

$2,000

Debt Included

Other Assets Included

$5,000 Web site

Other Liabilities

Working Capital (not incl)

Return on Sale Price

Asking Price

$55,000

Owner Financing/Terms

OWC over $25,000

Earnest Money Dep.

$5,000

Down Payment

$25,000

Opportunity Summary

Headline

Hollywood Flower Shop

Summary

Quaint flower shop in business in the same Hollywood location since 1979!  Central location with fantastic access to the 101 freeway.  The sale includes the flower shopÕs fully functioning website and highly diversified (i.e. stable) client base comprised of the following sales/delivery channels, each contributing approximately 25% of revenues: Corporate Accounts, Inbound Calls, Walk-ins, and Internet.  2003 gross revenue were $105,000, with $36,000 in net profits.  Through May 2004, revenues have been up 17%.  This opportunity is priced at $55,000, with the owner willing to train and carry a note if necessary. 

Facilities / Assets

The flower shop occupies approximately 700 square feet, on two floors.  The business comes fully equipped with a large refrigeration system, a fully functioning website, a surveillance camera, two computers, and enough inventory to get a new owner off to a running started.  Furniture, fixture and equipment is valued at $11,000 (not including build-out), with inventory of $2,000+ and a $5,000 website.  The second floor of the business, or the "loft" is set up as a rest area, furnished with a couch.  The shop does have an established Teleflora Association, providing worldwide delivery access.

Competition

Competition is deemed moderate in this urban, high traffic area.  This shop does maintain significant name recognition, because of its long-standing location.

Growth Potential

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

Other