Rare opportunity to acquire one of the top-rated floral businesses in the State of Minnesota. Delano Floral & Gifts has served the community since the year 2000 and is known as the premier source for stunning floral arrangements, plants, home décor and unique gift offerings. This business truly is one of Delano’s iconic brands and is consistently named Delano’s Best Florist! The service team prides itself on prompt, attentive care and establishing long-term relationships with all their clients. The team also provides consulting for weddings, funerals, and other special occasions. Customers may shop in the retail store during weekly retail business hours or place an order 24/7 via the business website. Purchase price includes everything a new owner-operator will need to continue this turnkey successful business: a long-standing name and reputation, loyal customer base, all furnishings, fixtures and equipment and the 3000 SF building valued at over $350,000. Inventory in stock as of closing date shall be negotiated in addition to purchase price. The new owner will have multiple opportunities to grow the business such as developing more corporate and funeral account relationships, increasing the online presence, adding more events and weddings, hosting workshops, classes and special group gatherings, expanding product lines and creating satellite stores in other locations. Owner will provide short term training and transition support to buyer. Reason for sale: Owner Retirement NDA required to access all confidential financial and operational information. Co-listing agent related to Seller.
- Asking Price:
- $475,000 Furniture / Fixtures included
- Sales Revenue:
- $424,236
- Cash Flow:
- $70,773
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Downtown Delano, MN
- Premises Details:
-
The sale includes the real estate which features a well maintained 3210 SF building valued at over $350,000
- Size in square feet:
- 3,210
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Host private and public events
More expansion into weddings & funeral markets Increase corporate accounts
Introduce workshops and classes (gardening, make-and-take events: florals, plants, sprucetip, porch pots, wreath making, etc.)
- Competition / Market:
-
There is a Coborn's grocery store that sells flowers, but Delano Floral is the only specialized flower shop in Delano.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday-Friday 9am-5pm
Saturday 9am-2pm
Sunday: Closed
- Employees:
- 6
- Years established:
- 2000
Other Information
- Support & training:
-
Seller open to providing short term traning to Buyer.
- Furniture / Fixtures value:
- $76,122 - included in the asking price
- Inventory / Stock value:
- $20,000
