Wexford County Flowershop With Teleflora Service For Sale

Business description

Founded in 1948, this profitable business specializes in retail and Teleflora flowers, accounting for 100% of its gross revenue and services local, national and international markets. The business has a large customer base and 70% of its revenue is from repeat business due to its excellent customer service and attributes such as reliability, integrity and quality of work. This 61-year-old business is located in beautiful and historic Cadillac, Michigan, about 50 miles from Traverse City in Northwest Michigan. The town of Cadillac is located in Wexford County (population 35,000) and the area provides educational opportunities from pre-school to 4-year college and features two lakes, a balanced economy based on agriculture, manufacturing and tourism and is a truly beautiful town. Please call for details!

Property information

Real Estate:

Lease

Premises details:

The building and land consists of one building of approximately 3,000 sq. ft. and a 1,098 sq. ft. 3 bedroom apartment on the second level. The building, built in the 1920’s is owned and in good condition. It is situated on main street and is located in a rapidly growing and high traffic area with good visibility

Other information

Expansion potential:

Growth or expansion could be achieved by increasing the marketing and advertising. Hiring a sales representative to call on businesses would most likely expand the customer base along with expansion of gifts items and garden products.

Competition / Market:

There is some local competition.

Support & training:

The current owner is happy to stay on through a reasonable transition period to acclimate the new owner to the business, employees and clientele.

Reasons for selling:

The current owner is ready for a career change after many successful years of owning this business.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)