The Valley’s Foremost Florist
Business Description
This multiple award winning company opened its doors over seven decades ago and operates in an exclusive and growing market. This company has grown a strong reputation and following for their specialty design work in numerous market segments, unparalleled service to their customers, have created stable management systems and processes, and have all key employees in place for a new owner to easily take control of this organization. The company is ideally headquartered in the growing Annapolis Valley, Nova Scotia and operates from a 1300 square foot store front, with additional office and storage space.
The Company has grown a diversified and stable revenue base and has demonstrated year-over-year revenue growth. The Company is an attractive investment opportunity for any company with an existing and complimentary base of sales. Through the economies of scale effect, there is numerous leverage opportunities that can be recognized.
This business will be a perfect fit for a hands-on owner who recognizes the opportunity to leverage the current employee resources, expand the established service offerings through the already developed marketing programs, expand on the current relationships in the region, and has an interest in being an integral member of a close knit and thriving community.
I Am Interested
Pictures
No pictures currently available.General Information
CUSTOMER & REVENUE BASE
The long standing customer base of this company supports the quality and value of its offerings. A long list of testimonials exists, proving the perceived value of the company’s respective services. Current relationships with some customers date back over 50 years, with a large percentage of repeat business from corporate clients.
A “low risk” revenue base of approximately $100,000 is secured from on-going multi-year contract for one of the company’s niche service and product offerings. This established revenue and customer base has proven to be an integral component of the company’s ability to target market other services and products on a year round basis.
STAFFING
Owner spends limited time working “in” the business. All key staff are properly trained and motivated to manage the systems and processes of the day to day business operations. The company currently employees 6 part time and 1 full time employee, whom total more than 60 years of service to the business.
Transition Support will be provided.
GROWTH & EXPANSION POTENTIAL
2010 Business Plan has been prepared, identifying numerous areas for cost reductions, revised professional web site, increased effectiveness in marketing programs, updated purchasing system for fresh product to save money and reduce waste, reduction in inventory purchases for home décor and gift lines, and leveraging newly acquired skill sets and prop purchases within the wedding division. Seller’s business plan is considered well positioned for the rebounding market and is proving itself in the early months of the year.
A new owner operator, with business experience, is likely to find numerous opportunities to cultivate efficiencies and cost control measures, reduce overall wage expenses, and leverage the established client base and marketing programs of the business.
Financial Information
Seller’s Net Profit: approximately $50,000 in 2009 and averaging $53,000 over the past 3 years.
Furniture Fixtures & Equipment: All FF&E required for business included in price. Approximate value, $25,000
Inventory: Additional, approximately $30,000 (not included in transaction amount)
Financing: On Approved Credit
Real Estate / Lease
Currently operating from a 3909 square foot leased premises at a rate of $1400 + HST per month, includes heat and water. There is an opportunity to acquire the real estate through Gemma.
