Flower, Gift & Coffee Shop
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Contact: Ken George 616-648-1132 |
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Description After 30 years (10 as an employee and 20 as the owner), the seller of this venerable and successful Mid-Michigan Flower & Gift Shop is ready to retire. And why not? In 2009, revenues will approach $350,000, an all time high for this 65 year old business that has only had three owners throughout its illustrious history.Located on the main street in a corner store in an attractive and prosperous smaller city, the business occupies 3600 square feet of a 100 year old building which has been beautifully and appropriately (from a historic standpoint) remodeled. A quaint coffee shop was added (as part of the business) 12 years ago. The business generates $75,000 annually of cash flow (seller’s discretionary earnings-SDE). The $195,000 list price (which includes $50,000 of furniture, fixture, equipment, and floral specific software) is competitively priced at only 2.6x SDE and less than 0.6x revenues. Monthly rent is only $1000, a mere 3.5% of sales. The business closes at 5:00PM daily and is not open on Sundays so there is an attractive opportunity for growth by extending hours. For customer convenience, there is ample free parking within a one block radius. The store, a fixture in the community, sells (in addition to flowers and coffee) antiques, gifts, home décor, cards, balloons, etc. It is located near a popular and trendy bakery with which it has just started doing cross promotions. There are two full time (one who has been with the business for 19 years) and two part time employees. If you are looking for a fun, attractive, profitable, and well established flower/gift shop, then this is perfect. For an enthusiastic, but undercapitalized buyer, the seller will carry a meaningful seller note. In addition, the seller will provide ample training as part of the purchase price. For more information, please contact Ken George (616-648-1132 or kgeorge@sunbeltnetwork.com). |
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