Partnership Owner/Operator was acquired by Floral Company
Transaction Description
Small Town Local Floral Shop
Transaction Details
Floral Company
Deal Value: $300,000
South Central Texas
Partnership Owner/Operator
South Central Texas
Transaction Overview
Asset Sale.
Sold for a multiple of earnings plus inventory.
Real Estate lease renewed.
Challenges
This flower shop was located in a rural small town. Finding the right Buyer that wanted operate in a smaller community with a smaller income was the challenge.
Solutions
A partnership of two Buyers that were pre-retirement, wanted the smaller town atmosphere and wanted to own their own business decided to purchase business.
Summary
This deal was referred to us by the Real Estate Broker that had tried to sell it for the owners over the previous 2 years with no success.
We took it on and within 6 months were able to procure the buyers and successfully complete the transaction.
