60+ Year-Old Premium Retail Florist In Los Angeles
Established High-End Retail Florist - 60+ Years of Continuous Operation This prestigious florist business has been serving an affluent Los Angeles community since 1961, representing over six decades of continuous operation and brand recognition. Located in a prime neighborhood shopping center with excellent street visibility, this high-end retail and event florist generates $1.2 million in annual revenue with $110,000 in seller's discretionary earnings. Business Overview: Key Strengths: Growth Opportunities: Financial Details: The current owner is relocating and will provide two weeks of on-site training plus ongoing phone/email support. This turnkey operation offers an exceptional opportunity to acquire a well-established, profitable business in one of Los Angeles' most desirable markets with significant growth potential in the lucrative events sector.
Location
Located in a busy neighborhood shopping center, great frontage on a busy road, very unique physical space.
Employees
8 + seasonal temp help certain times of year
Lease Terms
current lease expires 2/1/34 with renewal option
Real Estate
Lease
Trading Hours
Open Mon-Sat; other than summer months, operates 9-5 Mon-Fri and 9-4 Sat. We are only open on Sundays for flower holidays such as Mother's Day.
Leasehold Rent
$140,676 per annum
Management Type
This business is owner operated.
Owner Financing
Owner financing is available. Please contact the seller for more information.
Premises Details
Historic building, the shop used to be the service bays for a gas station back in the day.
Years Established
60
Support & Training
2 weeks of on site and available via email/phone anytime after the 2 week period.
Expansion Potential
Traditionally we have not pursued event business. Lately, we're making a more concerted effort after we hired a designer who has event experience and brought ideas with her. This is the main area for potential growth, plus developing more "weekly" type accounts (corp accounts, estates in the area, etc). Our retail sales have grown 5-6% YTD, which is great for a shop in this type of business
Size In Square Feet
2100 total between 2 adjoining spaces
Competition / Market
There is no shortage of florists in the LA area but we are fortunate in that there is very little (quality) competition within 3 miles of us. Also, the shop has been in the same physical space for 30+ years so it is well known in the Brentwood/West LA area.
Reason for Selling
Relocating away from the LA area
Financials
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