Florist for Sale for sale in Kent County, RI

Business Summary:
The Florist is located on a numbered street in Kent County. It is one of the largest florist shops in Rhode Island. The sales on the 2007 tax returns are 434,814. The florist is absentee run and mismanaged. A designer or a good manager could increase the profits. The industry standards for a florist shop are 10% for occupancy costs and 20% net profit to a working owner. With these figures, the working owner would have 30% net profit to pay the mortgage and support his/her family. The store has been owned and operated by the current owner since 1973. They provide floral services for all occasions. Eighty percent of the business is through the wire service. The one service that they use is FTD. They receive approximately 1500 orders through FTD per month. There are seven employees who work over twenty hours and two who work under twenty hours. There is a full time designer. On busy holidays, additional help is required. Included in the price of the business are three delivery vans. The building is approximately 2700 square feet. There is a cooler attached to the back of the store and two more coolers inside. There is a 360 square foot free standing cooler on the property. The lot is approximately one-third of an acre and has ample parking in the back. The owner is willing to stay on for one month. If the new owner desires, the current owner is willing to help out when he is visiting Rhode Island. The hours of operation are Monday thru Friday 8 AM to 6 PM. Saturday 8 AM to 5 PM. Sunday 8 AM to 1 PM.