A fully integrated print catalogue and e-commerce company that markets professionally designed and easy-to-maintain silk floral arrangements, artificial plants, and trees. The company utilizes a proprietary design and assembly process to differentiate itself from its competitors in the artificial plants and flowers segment of the home décor industry. These processes have afforded the company a repeat purchase rate of 37% and a gross margin across all product categories of nearly 80%.
Summary Investment Considerations
* The company is a well-known online and catalogue retailer of floral arrangements.
* Provides a highly differentiated offering of custom silk floral arrangements and artificial plants and
trees.
* Uses a combination of catalogue and online marketing to sell direct to consumers and business.
* Owns a growing database of over 400k customers, 37% of which have been repeat buyers to-date.
* Had a catalogue circulation of 3.2M in 2022
* Has a 43,000 sq. ft warehouse and assembly facility in the Midwest.
* Founders are looking to sell and fully exit the business after a transition period.
