KT SILK FLOWERS SOLD!

Located in Norcross, GA, this custom Silk Flower, Plant, Trees and Home Decor was founded over 20 years ago. It includes a vast inventory ranging from exotic palm trees to elegant floral arrangements. KT Silks serves the interior design and home decor trades with custom florals and plants, with a growing business serving the film and television industry. KT Silk Flowers’ 25,000 square foot showroom has the ability to constantly evolve to reflect the most current trends and designs.

Detailed Information

Facilities:

The company is leasing a store front that expires on March 31, 2014 and the landlord is willing to extend a lease to a qualified lessee.

Inventory:

The gallery houses several thousand floral arrangements, plants and trees with raw materials to custom design much much more. Owner estimates there is $1.2 million in cost of raw materials in inventory. Owner estimates there is $3-4 million in retail of finished products in inventory.

Reason for Selling:

Owners wish to pursue more time with their two sons who are in medical school.

Financials : Zero debt including no liens and/or back taxes etc.

Gross Sales:
 2007           2008         2009          2010          2011          2012
$533255    $443616   $344816   $341572    $330330   $344710

THIS BUSINESS IS BEING SOLD AS A WHOLE ENTERPRISE. SEALED BIDS ARE NOW BEING ACCEPTED FOR THE BUSINESS IN ITS ENTIRETY INCLUDING:

• All Inventory, Fixtures, Furniture & Equipment
• The website, a client list, & vendor list
• Current Owners are willing to extend 3 months of consultation services up to 20 hours per week to aid in the transition.