Ault Commercial Realty, Inc.

Description:

Established in 1997, Affiliated with FTD (Florists’ Transworld Delivery, Inc.) Located next to the Post Office

Property Details

• Listing ID: 989
• City/Town: Castleton Corners
• County: Lake Bomoseen Region, VT

• Land Description:

  
  

  • Excellent opportunity for plant and flower lover or experienced florist to take over a turn-key business that deals largely with happy customers looking to brighten someone’s day
  • This is an “Asset Sale”; meaning that while gross sales have grown recently from $124,000 to $162,000 (rounded), the net income after expenses provides owner a modest manager’s salary, but leaves little for “good will” value. Owner says 2007 sales are on target to exceed $170,000.
  • Assets include: Equipment and Operating Supplies valued at $12,000 (including a 2000 Aztec vehicle) and approximately $18,000 of inventory of goods for re-sale (valued at cost). Additionally there is a Florist Shop leased computer system under a lease-to-own contract that a buyer would assume. Buyer then pays for periodic software updates.
  • The Lake Bomoseen area is a strong summer resort area with a significant year-round population. Route 4A handles a lot of year-round traffic between Castleton (with its popular State College), Hydeville and Fair Haven.
  • Real Estate Lease: Currently rent is $698.10 monthly. Lease renews annually with 5% escalator, with tenant having the right to terminate upon 30 days notice. Tenant pays all utilities including water, sewer, electricity, heat, hot water and telecom charges, as well as insurance costs. Landlord pays real estate taxes only.
  • Seller willing to assist new Owner-operator on a consulting fee basis.