Background
| BizEx ID: | BizEx1301-KF |
|---|---|
| General Location: | Conejo Valley area, CA |
| Category: |
Florist, Gifts |
| Years in Business: | 23 |
| Under Present Owner: | 23 |
| Hours of Operation: | 9:30am-5pm |
| Owner Hours: | 9am-5pm |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | Sole proprietor |
| Lease Expiration: | October 1, 2024 |
| Lease Options: | N/A |
| Building Size: | 1,166 |
| Employees: | 6 |
| Reason for Sale: | Moving out of the country |
Financials
| Asking Price: | $185,000 |
|---|---|
| Down Payment: | $185,000 |
| Gross Sales: | $215,000 |
| Discretionary Cash Flow: | $75,000 |
| FF&E: | $20,000 |
| Inventory Included? | Yes |
| Inventory: | $6,000 |
| Min. Operating Capital: | $6,000 |
| Real Estate Available? | No |
| Rent: | $2,078 |
| Payroll: | $3,600 |
| Financing: | Call |
Pictures
Description
A rare opportunity to purchase a long-established floral design studio located in one of the most desirable, and prestigious areas in the United States. Featuring a superb reputation and an impressive celebrity client list, this is the first time on the market for this little gem. Established 23 years ago, the business consistently earns over $200,000 per annum and offers untapped potential to the next owner ready to take it to the next level. For more information please contact Kendric Foultz at 310-968-2369.
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.
