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40-Yrs-Established Florist in High Income Neighborhood of N. Dallas |
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| Listing ID: 67670 N. Dallas |
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40-Yrs-Established Florist located in rich neighborhood of North Dallas is now available for sale!
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| Listing Details | |
| Industry: | Florists |
| Title: | 40-Yrs-Established Florist in High Income Neighborhood of N. Dallas |
Listed Price: |
$69,000 |
| Down Payment: | $69,000 |
Total Sales: |
$190,000 |
| Owner Cash Flow: | $45,000 |
Fixtures, Furniture & Equipment: |
$20,000 (Included in listed price) |
| Financing / Terms: 100% Cash at Closing |
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| Reason for Sale: Burned out of being in same business and same location for over 15 years. |
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| Training & Support: Seller is willing to train buyer for a seamless transition for an agreed period of time. |
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Real Estate Available | No |
| Sales Breakdown Sales consist of walk-in sales, online sales, telephone sales, and delivery sales. | |
| Executive Summary | |
| Business Description: This 40 years established florist has been under the current owner's operation for over 15 years, and it has accumulated a strong customer base that helps the florist to be self sustaining without a single advertising or marketing. Its prime, prime location is another competitive advantage that this florist has over others, and surprisingly the annual household average income of this neighborhood is over $150,000. One of nation's largest home improvements retailer is right next to the center where this florist is occupied in and the nation's largest sandwich chain is right next door of this florist. |
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| Historical Summary: This florist is established for over 40 years, 15 years of which have been under the ownership of the current owner. |
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| Owner Qualifications: Current owner is very hands-on, so it requires the same characteristic from the new owner. |
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| Competition: There is one direct competition found in the same market, but it has very bad visibility and is not as established as this florist. |
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| Potential for Growth: No single advertisement or marketing has been executed by the current owner for 15 years of the ownership. Pro-active marketing is needed indeed in order to increase sales. Private schools nearby, rich neighborhood, and corporate accounts are all good target to reach. |
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| Customer Base For 40 years in total and 15 years under the current owner, this florist has built up a broad range of customers including, but not limited to, regular walk-in customers from neighborhood, corporate accounts, on-line customers, phone customers, and etc. | |
| Operations | |
Year Established: |
1970 |
| Year of Last Acquisition: | 1995 |
| Form of Ownership: | Sole Proprietorship |
| Days & Hours of Operation: | Mon-Fri: 8:30am-6pm Sat: 9am-2pm Sun:Closed |
| Number of Employees: | 1 PT / 1 FT |
Owner Involvement | Full Time |
| Location | |
| Type of Location: | Strip Center |
| Square Footage: | 1680 |
| Facilities / Location Description: Occupied in a 1,680 SF of retail space that has good visibility to the street that produces a tremendous traffics every day. Interior of this florist is beautifully decorated that gives a warm atmosphere to walk-in customers. All equipments including freezers are well-maintained and in good condition as well. |
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| Monthly Rent: | $2,360 |
| Lease Expiration: | 8/30/2010 |
| Option: | Available |
| Terms and Conditions: | 3-5 Years |
Included in Monthly Rent | No Property Tax Included - $5-600/Yr |
Seating Capacity | 4 |