18x Best of The Best | Flower Shop | Business For Sale

Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30796733
Property Subtypes: Retail Stores
Status: Pending
Building Size (RSF): See Agent
Sale Price: $399,000
Name of Establishment: Flowers By Gil & Curt
Business Website Address: https://www.flowersbygilandcurt.com/
Year Business Established: 1990
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash
Last Updated: 5/14/2022

Overview / Comments

Flowers By Gil and Curt, a well-established and much loved florist in Chattanooga, TN is now an opportunity for you! The Sellers have developed and maintained an excellent business over the last 32 years and are now ready for a different season of life. Their clientele have voted them Chattanooga's Best of The Best 18 times including 3 times of Reader's Choice.

The business/property is located just off Frazier Avenue in the North Shore District of Chattanooga, just across the river from Chattanooga's Central Business District (CBD).This North Shore District has been one of the fastest growing retail and residential districts in Greater Chattanooga. The property is now under contract for sale. The business can stay on the property until the 12/31/22. So, the buyer will need to relocate the business to another location. Business can exit with 60-days notice.

The business has been generating gross sales in the $600,000 range per year during the pandemic. The flower shop business and equipment and inventory are included in this sale. The current floral and accessories inventory will be added to the sale. The flower inventory averages about $50,000. An inventory can be taken just prior to the sale for an exact amount.

Three years of sales, profit and loss statements, inventory and other information will be available to qualified buyers with the execution of a non-disclosure agreement (NDA).

Additional info:
1. Profit and Loss Statements
2. Equipment List
3. Inventory List

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Industry Segment: Florist
Reason for Selling: Retirement by Seller.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0
Real Estate Lease Description: Owner will be able to stay at current location until 12/31/22. Can exit out with 60-days notice. So, buyer will need to relocate the business.
Employee/Labor Description: There are several employees with one partner willing to stay with the business.
Mgmt/Training Support Description: Training and support from the Seller is up for discussion.
Competition/Market Description: Flowers by Gil and Curt has been a dominant flower show in Chattanooga for 32 years. Has won Chattanooga's Best of The Best competition 18 times.
Growth/Expansion Opportunities: Up to the buyer's imagination.
Seller Financing Description: None provided. Could be discussed.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 51,512 131,180
Median Age: 34.84 34.47 36.97
Households: 3,878 21,291 54,875

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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