Hawaii-based floral biz w/ $1.4M annual revenue 💐

Under the Radar Weekly Deals

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👋 Hey fellow searchers,

Welcome to issue #33 of Under the Radar!

Let’s get right into it.

This week’s issue features:

  • 💍 Luxury jewelry biz w/ $1.42M annual SDE

  • 💐 Hawaii-based floral biz w/ $1.4M annual revenue

  • 🏢 Property maintenance co. selling at 3x annual SDE

Hot Deals 🔥

Analyses of the best deals we found across top marketplaces and brokerages.

#1. Luxury jewelry biz w/ $1.42M annual SDE

🏷️ Asking Price: $2,400,000

📍 Location: Louisville, KY

Overview: This high-volume luxury jewelry business located in a busy mall has been serving customers for over 30 years, offering exclusive designs in diamonds, gold, and other precious gems. With an elite clientele, five-star reviews, and a strong reputation, this turnkey operation is primed for continued growth. In addition to this location, there’s an option to purchase three other profitable stores in Texas, further expanding the business’s reach. The current owner is retiring, making this a solid opportunity for new ownership.

Key Highlights

  • ~$2.56M annual revenue

  • ~$1.42M annual SDE

  • $800K inventory (not included)

  • $15K/month rent

  • 8 employees

Growth Avenues 🚀

  • There is potential to buy multiple locations (4 stores total) for greater market share and brand synergy. Each store is performing well, with projected growth across all locations.

  • Expanding digital marketing efforts and online sales can drive new revenue, especially for a high-end brand with an established reputation.

Potential Risks 🚩

  • With $800,000 in inventory, maintaining appropriate stock levels while ensuring quick turnover will be key to avoid tying up cash in unsold goods.

  • As the business is well-established, transitioning ownership and maintaining the current elite clientele may require careful management and relationship-building.

Questions❓

  • How is the inventory managed, and what is the turnover rate for high-value items?

  • How competitive is the local market for high-end jewelry, and what sets this business apart from competitors?

  • How are relationships with key suppliers structured, and are they transferable to new ownership?

#2. Hawaii-based floral biz w/ $1.4M annual revenue

🏷️ Asking Price: $1,200,000

📍 Location: Hawaii

Overview: This well-established luxury floral business has been a trusted partner for high-end clients in the hospitality and event industries for over 25 years. Known for its impeccable customer service, creativity, and tailored solutions, the business has earned an outstanding reputation within the local luxury market. With a dedicated management and designer team in place, and the owner offering consulting support for a smooth transition, this is an ideal opportunity for a new owner to step into a thriving, profitable business.

Key Highlights

  • ~$1.40M annual revenue

  • ~$451K annual SDE

  • $50K inventory (included)

  • 7 employees

Growth Avenues 🚀

  • Expanding into more seasonal services like holiday decorations, or offering specialized floral services for corporate clients, could diversify the customer base.

  • Tapping further into Hawaii’s booming wedding market by offering premium packages and exclusive services could increase both profitability and clientele.

Potential Risks 🚩

  • The business relies heavily on high-end clients, including tourists and hospitality establishments. Any downturn in tourism could affect demand for luxury services.

  • The business’s success is tied to its relationships and reputation. Ensuring a smooth transition and retaining key client relationships will be essential for the new owner.

Questions❓

  • How is inventory managed, particularly with perishable goods like flowers?

  • Are the relationships within the hospitality and event industries transferrable to a new owner?

  • What is the current breakdown of revenue between events, weddings, and hospitality contracts?

#3. Property maintenance co. selling at 3x annual SDE

🏷️ Asking Price: $3,800,000

📍 Location: Denver, CO 

Overview: This commercial property maintenance business provides comprehensive landscaping, grounds care, and snow removal services for commercial clients across the Denver metro area. Established in 2022, the business has experienced rapid growth, doubling in size in less than two years without outbound sales efforts. It offers a wide range of services, from mowing and trimming to snow removal and tree care. With a reliable, knowledgeable staff and software automation to streamline operations, the business is well-positioned for continued growth.

Key Highlights

  • ~$1.64M annual revenue

  • ~$548K annual SDE

  • $350K FF&E (included)

  • 11 employees

  • Seller financing available

Growth Avenues 🚀

  • With no formal outbound sales strategy, the business is ripe for growth by implementing targeted marketing and sales initiatives.

  • Expanding into additional property maintenance services such as pest control, pressure washing, or additional tree services could diversify revenue streams.

Potential Risks 🚩

  • With a reliance on snow removal during winter and landscaping during warmer months, revenue could vary seasonally, requiring strategic cash flow management.

  • Ensuring that client relationships and business operations transition smoothly to a new owner is crucial for maintaining continuity and trust with commercial clients.

Questions❓

  • How are contracts structured with commercial clients, are they long-term or project-based, and are they transferrable to a new owner?

  • What is the condition of the equipment, and are any major upgrades or replacements anticipated in the near future?

  • How does the business manage employee retention and ensure labor availability during peak seasons?

Other Hot Deals 🔥

Radar Picks 📡

Bit-sized reads featuring insights and fresh perspectives

Tweet of the Week 🐦

This week’s featured tweet from Chandler Reed offers 10 practical steps to help you buy a small business quickly. From setting up an LLC and a search website to building a CRM and signing up for listing sites, Chandler breaks down the essentials for getting started fast. Check out the full thread!👇

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DISCLAIMER: This newsletter is for informational purposes only and should not be considered financial advice. It offers analyses of businesses without endorsing any specific financial actions. Readers are advised to do their own research and consult a professional before making investment decisions.