Flower Wholesaler - L.A. Downtown Flower Market
Location: California, United States
Category: Wholesale and Distribution
Type: Established
Asking Price: $600,000
Cash Flow: $287,292
Revenue: Not Disclosed
Gross Income: $1,825,500
Inventory: $15,000 - Included in the Asking Price
FF&E $10,000 - Included in the Asking Price
Real Estate: Not Disclosed
This is a rare opportunity to own a wholesale facility in the Los Angeles Flower District, the primary market for flower growers, shippers, suppliers, floral wholesalers, distributors, floral designers and retail florists. The business generates over $1,800,000 per year in gross revenues with annual cash flows of over $287,000. The current owners have successfully operated this business for over 18 years at this location developing a loyal customer base. The market is generally opened from 2am until noon on Monday, Wednesday, and Fridays, and 5am until noon on Tuesday, Thursday, and Saturdays.
Facilities:
The sale includes a recently negotiated 3-year lease due to expire in March 2009. The facility is approximately 3,000 square feet, consisting of display areas, 2 separate refrigerated storage units, and 2 industrial size sinks, at a monthly expense of $8,000 (less than $2.67 per square foot). The business is strategically located next to one of the main entrances to the market with excellent parking lot access.
Financing:
Not offered
Support:
Seller will train for 4 weeks at 25 hours per week.
Competition:
Competition is considered high since flowers can be purchased from any wholesaler in the market.
Growth:
The market and the surrounding areas are part of the Los Angeles Fashion District Business Improvement District, undergoing major renovations in an effort to clean up the downtown district. The proposed closures of other wholesale markets within Southern California should also increase traffic to the downtown market.
Reason Selling: Other Business Ventures
Number of Employees: 3
Year Established: 1930
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