Listing Number: 2401-144846
IN CONTRACT: Flowers and Gifts for Every Occasion - Florist with Real Estate - 37 Years in Same Location
Escondido Florist has been family owned and operated since 1974. Business offers flowers, plants, gifts and event services. Orders are placed on-line, by phone and walk-in customers. The business is marketed on-line, through referral and word of mouth, as well as window displays and murals. There is ample opportunity to expand with additional emphasis on small private events and funerals and other locations could be opened.
Seller is ready to retire and pass the baton to another local family to make their own and enjoy for years to come.
Retail property value is estimated at $1,050,000 including two structures. The main structure at corner of downtown lot is 2436 sqft and the secondary structure is about 1000 sqft. Plenty of parking on street and adjacent lot. The business value is estimated at $349,972 including FFE of approximately $73,000 and Inventory of about $30,000. Two ford transits and two older delivery vehicles transfer. There are 6 employees and 1 contractor (2.5 designers, .5 front sales, 2 drivers/flower cleaners, 1 PT driver). Open 9-5 M-F, closed Sat/Sun except by appointment. Buyer will need to replace seller’s daily general management, design, buying and event consulting roles.
SBA possible. 2021 Gross: $1,320,611. SDE: $181,174.37. Asking price of $1,399,972 includes real estate!
- Price: $1,399,972
- Down Payment: $250,000
- Sellers Discretionary Earnings: $181,175
- Total Sales: $1,320,611
- Location: San Diego County, California
- Inventory: $30,000
- FF&E: $72,609
- Employees: 7
- Year Established: 1974
- Reason for Selling: retirement
- Category: Flower Related