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Established Flower Shops

Location: Hunterdon County, New Jersey 08825

Primary Category: Retail - Florists

Financial Information
Asking: $140,000
Gross: $300,000
Cash Flow: $70,000
Furniture, Fixtures & Equipment: $75,000
Inventory: 3500 (included in price)
Financing: Negotiable but not substantial

Summary Description
Amazing opportunity to purchase two established flower shops. The main shop is located in a historic tourist town. The current owner recently purchased their closest competitor in an effort to grow revenues and increase profitability. This move worked, as expenses have been combined, economies of scale and purchasing power have been reached and cash flow and revenues have increased. The main shop has been established since 1968. That is over four decades of goodwill and reputation for a new owner to capitalize on. They have thousands of people on their client list. Local businesses, attorneys, funeral homes, and schools are repeat customers. They are the only flower shop in town and are the go to shop for FTD. They are also considered a 1-800-Flowers V.I.P and are the go to shop for the website. The shop is also setup through Teleflora. The facilities come complete with 2 display coolers, 2 walk-in coolers, a storage cooler, freeze dry cooler and the current inventory of flowers and accessories. A new owner could grow the business by catering to weekend tourists and adding a gift shop at the front of the store. A new owner could also grow the business by accepting more wedding jobs, which the current owner does very little of. There is also an upstairs apartment that a new owner could rent out if they and their family wanted to live close the business. This is truly a unique opportunity for a new owner to take over a well-known, well-respected, turnkey business. For more information call Doug Whalen, Esq. of Esquire Business Brokers at 610-551-9733. Visit www.esqbb.com for the status of this opportunity.

General Information
Facilities: The two locations are leased at $1,600 and $1,000 a month.
Competition: The only flower shops in town.
Growth and Expansion: A new energetic owner could easily expand business through networking, advertising and wedding sales.
Support/Training: Negotiable
Reason Selling: Medical Reasons
Year Established: 1968
Employees: 5

Contact Information
Contact: Doug Whalen, Esq.
Phone: 610-551-9733
Email: dougw@esqbb.com

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