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143 year old floral and gift shop consistently named Best Florist

885 Madison Avenue, Mankato, MN, USA
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  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale
  • Businesses For Sale | Flower Shops For Sale

Listing ID : 427088

Posted on January 18, 2024 View Count 3

Selling Point :
Price :
$145,000
Business Financials & Assets :
Gross Revenue:
$500,000
Cash Flow:
$45,000
Year Established:
1880
Inventory Included:
Yes
Estimated Value of Inventory:
$40,000
Description of Inventory Included:
gift shop inventory
Estimated Value of FF&E:
$170,000
Description of FF&E Included:
Vehicles, shelving, coolers, marquee sign, computers, software, office furnishings, floral supplies
Property Details :
Business Details :
Number of Employees:
7
Absentee Owner:
No
Business Can Be Moved:
Yes
Real Estate:
Available for Purchase
Rent:
$4,000
Type of Lease:
Modified Gross Lease
Building Size:
7,831 Sq. Ft.
Terms :
NDA Required:
Yes
Broker Co-Op:
Yes
Broker Co-Op Commission:
4%
Financing:
Seller has access to financing referral
Support & Training Offered:
Owner will provide training at no additional cost to buyer up to 80 hours total for the first 4 weeks after closing. In addition, the owner will consult buyer via telephone for up to 6 months post-closing.
Reason for Selling:
Family reasons
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Hilltop Florist has served Mankato and the surrounding communities for several generations and customers know Hilltop Florist as the premier source for flowers, plants, stunning floral arrangements, wedding decorations and design consultation, home décor and unique gift offerings.

This business truly is one of Mankato’s iconic brands with a long-standing excellent reputation. Consistently named Mankato’s Best Florist!

The service team and award-winning designers prides itself on prompt and attentive care and establishing long term relationships with all of their clients. The team also provides consulting for weddings, funerals, and other special occasions. Customers may shop in the retail store during weekly retail business hours or place an order 24/7 via the website.

Purchase price includes long established brand name and reputation in Southern Minnesota. All furnishings, fixtures and floral equipment needed for this turnkey business; including a Dodge Caravan, Rav4, Ford Transit Van for deliveries and all retail store inventory in stock as of closing date.

The new owner will have multiple opportunities to grow the business: developing more corporate relationships, increasing the online presence, adding more workshops and special group gatherings, and expanding product lines. With a turnkey CRM including retail cash register software, a mobile ready website and a known brand name – creating satellite stores in the region are strong opportunities for a new owner.

Owner will provide training at no additional cost to buyer up to 80 hours total for the first 4 weeks after closing. In addition, the owner will consult buyer via telephone for up to 6 months post-closing.

The seller owns the real estate and will lease the current 3200 SF retail space at a rate of $4000 per month. Buyer also has the option of moving business to a different location if desired.

Additionally, seller is also open to selling the entire 7831 SF retail store and greenhouse with the business assets. Total list price for business and real estate = $1,375,000

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