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#Business ID: 20172

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McEwen Flowers and Gifts Shop

Business Location: Union, New Jersey, United States

Asking Price: $ 275,000 Revenue: $ 223,000 Cash Flow: $ 34,305

Business Summary

ASKING PRICE IS NEGOTIABLE. TERMS AVAILABLE. Figures are for 2012. 2013 reports are being completed but sales were about $20,000 less. 2012 hurricane negatively impacted 2012 and 2013. Well established flower shop (since 1923 and present owner since 1992) with loyal clientele (300 customer base) including weddings and funerals. Perfect financial records. Structured to send flowers on a world wide. Can add pottery, leather goods, jewelry, etc. Owner's wife is a designer/ consultant and will assist a buyer in learning/ familiarizing with the customer base and operation. Ongoing consulting possible. Assets include inventory of $20,000 and fixtures & equipment of $20,000. A hands on new owner dedicating full time to the business, including marketing, can significantly increase sales. This shop did $750,000 annually in the 90s. Owner has outside employment and dedicates part time with assistance from wife and 1 part time person assisting 1 1/2 days per week. Owner selling as a step to retirement.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a homebased business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

1923

Property Type:

Lease

FF&E:

$ 20,000

Other Business Details

Premise Details:

800 square foot store, 800 square foot storage, 6 spots at store, 10 adjacent parking spots. Attractive store.

Competition:

Full time/ hands on/ marketing will grow sales/ excellent upscale market Can add pottery, leather goods, jewelry, etc. A hands on new owner dedicating full time to the business, including marketing, can significantly increase sales. This shop did $750,000 annually in the 90s.

Business Operation Details

Employees:

1

Support & Training:

The owner is willing to train/ assist the new owner.

Miscellaneous Details

Financing Available:

Yes
Asking Price negotiable. Owner financing available.

Reason For Selling:

Preparatory steps to retirement.

Contact this seller

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