BizEx239-SG: Neighborhood Flower and Gift Shop- room to grow

Background:

General Location:Burbank, Ca
Category:Retail > Florist, Gifts
Retail
Years in Business:10
Under Present Owner:4
Hours of Operation:M-F 9-5 sat 10-4 closed Sunday
Owner Hours:Full time
Training:4weeks, 20 hours/week
Organization Type:sole proprietor
Lease Expiration:7/2011
Lease Options:
Building Size:850 Sq ft
Employees:owner and 3PT

Reason for Sale:
Retirement

Financials

Asking Price:$75,000
Down Payment:Negotiable
Gross Sales:$125,000
Discretionary Cash Flow:$50,000
FF&E:tbd
Inventory Included?yes
Inventory:35,000
Minimum Operating Capital:$10,000
Real Estate Available?No
Real Estate Asking Price:none
Rent:$1715/month
Payroll:$ 0/month
Financing:Call

YTD**Prorated20092008
Gross Sales221,469**185,112204,223
Gross Profit164,944**135565140904
Disc. Earnings87,351**69,37547,597

* YTD as of June 21, 2010, ** = Prorated.

Broker Info


Stuart Gross
Business Broker
(310) 882-2200 ext 118
LIC# 01860825

Summary

This is an established 10 year old neighborhood flower & gift shop and a Teleflora provider. The price is excellent due to a very motivated seller whose husband has insisted she retire. A great buy for someone who wants to grow a business. The business is very open to expansion for the motivated buyer. The owner does not pursue large projects and does very little to promote. It is a manageable business with a florist/owner and some part time help. The owner can train any buyer who has some basic creative skills. It is located in the media district in The San Fernando Valley. It was awarded "Best of ...." floral award in its community for the last two years. they have receive several other recent accolades. They have a niche that differentiates them from the competition and they deliver a quality product. This business is still growing. It comes with $30,000 plus in inventory. For more information about this business please call Stuart Gross 310 882 2200 ext 118 or 310 924 5384 at Bizex. email sgross@bizex.net


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.