Floral and Gift Shop in Connecticut for Sale

Hartford County, CT
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Asking Price:$615,000
Gross Revenue:$979,688
Cash Flow:$292,330
Inventory:$16,000
BUSINESS DESCRIPTION

This shop has served it’s community since 1905. The 119-year-old, well respected 4th generation family business is centrally located on a main street, close to funeral homes, hospitals, and international businesses. Beyond longevity, it also boasts an excellent reputation.
The sale of this 119-year-old business provides an opportunity to build upon its legacy, trusted rapport with the local communities, and excellent reputation.
The best months from a sales perspective are based on floral holidays. May is historically the highest month for sales due to Mother’s Day, proms, and graduations. December and February also see high sales and the summer and fall are busy with weddings and events.
The amount of inventory varies seasonally, though there is currently about $16,000 worth, which will be included in the sale of the business.


DETAILED INFORMATION
Location
Hartford County, CT
Inventory
Included in asking price
Employees
17
Growth & Expansion
This shop is the only true florist in three contiguous towns. This limited competition has helped them thrive, but it is not the only driver of its success. The business comes with name recognition and a well-established reputation. The new owner could build the business in a few different ways. The current owners do not have experience in design, if new owners have experience in this area, or hire someone who does, this is one avenue for potential growth. Another is expansion of the shop's social media and internet market presence.
Financing
A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Support & Training
The seller will provide training and support to ensure a smooth transition.
Reason for Selling
Retirement
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John Brice
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John Brice