Here is a fantastic opportunity to acquire an established flower shop with absentee ownership. The business is currently being run entirely by staff and a manager, making it an ideal prospect for an owner-operator to step in and increase revenue.
The average yearly sales for the flower shop are $175,000 and are on an upward trajectory. A new 5-year lease is in place, with a gross rent of $2300 per month, including TMI. The hours of operation are short, from 10 am to 6 pm, providing a great work-life balance for the owner.
Projections for 2024 indicate that sales will exceed $200,000, and the potential seller discretionary income is estimated to be between $50,000 to $60,000 per year.
For qualified buyers, there is the option of a small business loan, with 100% financing potential. The requirements include having $40,000 in unencumbered capital and a minimum net worth of $100,000 to $150,000.
It's important to note that the owner is not involved in the day-to-day operations of the business, and as such, interested parties are advised not to contact or discuss the sale with any employees.
Furthermore, the property is located at 163 Main St. in the vibrant community of East End-Danforth in Toronto, Ontario. It is fully air-conditioned, providing a comfortable environment for both customers and staff.
