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Flower Shop - Clear Lake Area

Harris County, TX

Flower Shop - Clear Lake Area
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Asking Price: $159,000

Cash Flow: $8,800

Gross Revenue: $380,000

EBITDA: $88,807

FF&E: $20,000

Inventory: $2,000

Rent: $2,303 /Month

Established: 2015

Flower Shop - Clear Lake Area

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Business Description

GREAT LOCATION TO PROSPER IN BUSINESS. Located near Hospitals and the only Flower Shop in the area for miles. It has been in business for almost five years and is very profitable. It is on a main thoroughfare in a center. The owner takes very good care of their customers. It has great reviews as you will find when you see it. The owner wants to sell ASAP. So make a decent offer.
TOTAL GROSS SALES SINCE STARTED ----------2015 is $188,000
2016 is $193,000 2017 is $290,000 2018 -$338,000
2019 through end of June - $181,000. 2019 through 10/26/2019 is $338,000
Which means for 2019 has a growth Potential of $350,000 to $362,000 or more.

Detailed Information

Location:
Harris County, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
6/30/2021
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Assets include flowers at time of sale, all refrigeration, shelving, tables, and miscellaneous items for sale of flowers. Plenty of Parking for customers and others.
Competition:
There is no competition in the area. It is near two Hospitals. It is also on a very busy street and in a shopping center. Has ties with many people and companies that order regularly. Sales have gone up every year since in business started. This year through June the volume was $181,000. Which means about $360,000 for 2019 Approximately. High volume, High Profit Florist increasing every year. It has a great display of all sorts of Flower Arrangements that are very pleasing to the eye.
Growth & Expansion:
The growth will depend on the new buyers ability. If the new Buyer has new ideas, it will keep the sales going in the upward direction like the past. We can handle the Business but soon we may have to hire more people because of many orders frequently.
Financing:
An SBA LOAN is very possible.
Support & Training:
Two weeks to help buyer training. An SBA LOAN is a good Possibility with 20% to 30% Down Payment.
Reason for Selling:
Have to move to another City.
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(from currently available funds)
 
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Joseph Matranga

Business Listed By:
Joseph Matranga

JLA Business Brokers

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