Sold
Sold
Houseplant Boutique and Flower Store
$325,000
Bexar County, TX
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Gross Revenue
$454,042
Owner's Cash Flow
$128,905
Min Down Payment
$60,000
Employees
2 PT
Business Summary
The business was originally founded in July 2019 by the owner as a pop-up flower store at a local farmer's market in Bexar County, Texas. The business remained this way until March 2020, when COVID caused them to adopt plant delivery as an alternative means of business. Following the pandemic, the owner decided to transition to brick-and-mortar sales, a decision that has proved highly successful for the company. Customers enjoy viewing the urban jungle that exists in the middle of the city and being able to access hard-to-find plants and curated handmade goods that very few shops in the area offer.
Key Highlights
Year established
2019
Real estate
Leased
Reason for selling
After successfully operating and growing the company for nearly three years, the owner is looking to go back into the technology industry.
Support and training
The owner is willing to stay on for up to 2 months to assist with the transition.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $7,998 | $7,341 | $305 |
| COGS | $5,919 | $1,405 | $1,528 |
| Gross Income | $2,079 | $5,936 | ($1,223) |
| Operating Expenses | $4,338 | $1,961 | $775 |
| Operating Incomes | ($2,259) | $3,975 | ($1,998) |
| Net Other Income (Expenses) | ($2,200) | ($5,372) | ($1,073) |
| Net Income | ($4,459) | ($1,397) | ($3,071) |
| Interest | $3,255 | $3,033 | $1,580 |
| Depreciation | $4,254 | $7,888 | $5,464 |
| Amortization | $6,445 | $2,132 | $827 |
| EBITDA | $9,495 | $11,656 | $4,800 |
| Add-backs | $66,607 | $62,942 | $37,566 |
| Owner's Cash Flow | $76,102 | $74,598 | $42,366 |
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Projected Free Cash Flow
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