Retail Gift Florist & Prime Commercial For Sale

Business description

This family owned and operated gift shop was founded in 1990. Located in a high traffic area with high visibility, the shop offers a wide selection of gifts for any occasion including collectibles such as Jim Shore, Willow Tree, Yankee Candle, Donna Sharp Purses, and Foundation figurines, gift baskets, silk and artificial flowers as well as fresh floral arrangements and fresh fruit baskets. The gift shop draws business from tourists and travelers as well as the local community. Their current customer list shows strong support within a 50 mile radius of their location. This is largely due to the fact that they offer high quality custom made artificial floral arrangements created by a seasoned design staff. They are open 7 days a week with 3 full time and 2 part time employees. There is room to expand at the current location but the business could be relocated. The owners would like to retire. The business is currently being run as a sole proprietorship.

Property information

Real Estate:

Real Property Included

Location:

The business is located in a prime location. It consists of 1.82 acres of level land with 226 feet of frontage on the main street of town. The structure has approximately 19,000 sq. ft of space. This includes approximately 13,000 sq. ft of showroom space and a 2167 sq. ft. residence. The current facility and parking area utilizes approximately ½ of the available space while the remainder is level grass area. This facility was built in the 1940’s as a combination roller skating rink, bowling alley and family restaurant. In 1965 the hardwood flooring of the roller rink was converted into a ballroom dance floor. The bowling alley was converted into a 6 room motel and night club lounge. The restaurant was remodeled and the kitchen was retro-fitted to serve banquets in the new ballroom. When the current owners converted the facility into its current retail space they did not change the interior configuration of the building. The composition, size and location of this facility afford it many possible uses.

Other information

Expansion potential:

A buyer could realize greater profitability through increased advertisement, particularly on the internet. There is no internet presence currently and a website could bring increased revenues. In addition, there are currently no evening hours of operation. A new owner could also pursue incentive programs for repeat buyers, court larger corporate accounts for design consultation work, or add new lines of products.

Competition / Market:

There is very little competition in this area though the business is in an area of rapid residential growth. There is an increasing need for service industry growth in the area.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

Retirement

Financing available:

There is no owner financing available.

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$210,000 (included in the asking price)