Custom Event & Floral Design Company
ASKING PRICE: $349,000
LOCATION: Denver, Colorado
GROSS REVENUE: $568,000
CASH FLOW: $177,000
EMPLOYEES: 2 FT, 1 PT, plus approx. 20 independent contractors
INVENTORY: $1,000 (Included in price: Yes)
YEAR ESTABLISHED: 2005
FFE: $35,000 (Included in price: Yes)
This business is 85% staging, decorations and floral arrangements for weddings, corporate events, holiday installations and private parties, and 15% retail, special order/deliveries. The business has established long term repeat relationships with wedding planners, corporate event organizers and private clients for its award-winning wedding and event work. Existing staff and training/transition assistance from the retiring owner will ensure a smooth transition. This is a great opportunity for a new owner with business development and creative floral design interests. Growth opportunities include expansion of wedding/special events and/or retail operations, depending on the desire of a new owner. The business operates out of a unique studio, which is available for purchase or lease.
LOCATION: Denver, Colorado
FACILITIES:
Historic 1896 Victorian home converted into a studio, located in a convenient West Wash Park neighborhood of Denver. The studio includes 1,383 sf of workspace and storage. There is additional inventory in off-site storage. The real estate is being offered separately for purchase or may be leased with the business.
COMPETITION:
Other event planning companies and retail florists.
POTENTIAL GROWTH:
Increased marketing for weddings/events, corporate meetings, and/or expanded retail focus.
SUPPORT & TRAINING:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations. Seller would continue to work part-time for new owner to maintain client relationships.
FINANCING/TERMS:
The Seller will entertain offers of varying financial and legal structures.
REASON FOR SELLING:
Step back from full-time role to spend more time with family
LISTING ID: 202208
