Busy Flower Shop for Sale in North Suburbs of Chicago, Illinois

Located in the North Suburbs of Chicago (Cook County)
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $249,000 plus inventory

This flower shop has been operating for 30 years, committed to offering the finest floral arrangements, backed by friendly and prompt service. They create floral arrangements for all sorts of occasions, including birthday flowers, Get Well flowers, Sympathy & Funeral arrangements, Weddings, and Holiday & Seasonal flower arrangements. In addition to cut flowers and floral arrangements, the shop sells silks, plants, TY stuffed animals, baskets, vases, greeting cards, and balloons.

Sales are trending upwards and have increased each of the prior years between 2014 - 2016 and continuing to do well in 2017. Revenue is generated through walk-in traffic, local event planners, online orders, and Teleflora orders.

This business enjoys a highly visible location on a very busy road with more than 23,000 cars driving past the business each day. There is also plenty of parking.

This flower shop offers delivery and includes a branded delivery van. A local delivery fee of $14.95 is added to each order, for each address. (For deliveries outside of their local delivery area, includes an additional fee of $15.00) Deliveries are not currently made on Sundays.

A brand new 8-door CDS refrigerated display was installed in 2016, which is the most expensive piece of equipment a flower shop requires and should not have to be replaced for many years.

A fully functional website, with e-commerce capability, and customer email opt-in, is included and already linked with accounts on Facebook, Google+, and Yelp. 

Area’s of opportunity to grow sales even further are abundant. Modernizing the website and including new social media channels like Twitter and Pinterest would worthwhile investments. Leveraging existing and new social media channels is an increasingly effective way of targeting and attracting new customers.

Networking and establishing relationships with local business owners, event planners, funeral homes, and wedding venues would be another effective area of opportunity for a new owner.

Opening to the public on Sundays for additional sales to walk in traffic and/or offering delivery on Sundays to weddings, funeral services, baby showers, and other various events planned for Sundays.

No floral experience is required and the owners are willing to stay on for an agreed-upon period of time to ensure a complete and smooth transition.

Owning a flower shop continues to be a desirable lifestyle business for creative entrepreneurs who wish to provide an artistic and meaningful contribution to their community.

The current owners are selling the business because they are considering retirement after many years of operating this business. 

Annual Gross Sales

2017 = $287,439.85 (Jan 1 – Sept 30)
2016 = $373,668.00
2015 = $351,864.00
2014 = $326,236.00

Sellers Discretionary Earnings (Cash Flow)

2017 = $115,615.68 (Jan 1st – Oct 31st)
2016 = $139,602.00
2015 = $130,205.00
2014 = $112,210.00

Note: Owners will consider financing a small portion of the sale price for a well-qualified & experienced buyer.

Asking Price/Business only: $249,000 plus inventory
Gross annual sales (approximately): $373,668.00 (2016)
Cash flow (approximately): $139,602.00 (2016)
Value of furniture, fixtures & equipment (approximately): $25,000.00
Value of inventory (approximately): $5,000.00
Storefront / Lease details (approximately): The Base Rent is $2,821.00/month & RE Taxes are $941.35/month. The Common Area Maintenance Fees are $318.04/month. The space is approximately 1,220 sq ft. Lease goes through 7/1/26 (including option). Rent increases are 2.7% annually.
Seller Financing: Owners will consider financing a small portion of the sale price for a well-qualified & experienced buyer.
Contact: Tony Gavros This email address is being protected from spambots. You need JavaScript enabled to view it., (847)722-1877  Advantage Business Acquisitions, Inc.

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