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Martha's Gardens Floral Studio: Award-Winning Floral Business in the Twin Cities

1593 Selby Avenue, Saint Paul, MN 55104

  • For Sale $145,000
  • Property Type Retail - Street Retail
  • Property Size 800 SF
  • Date Updated Feb 24, 2022
The business is located on at the intersection of Selby and Snelling Avenues in Saint Paul, Minnesota. This is one of the busiest and most sought after intersections for retail in the Twin Cities metropolitan area, and the business is surrounded by a healthy mix of local and national retailers such as Whole Foods, Starbucks, Dunkin Donuts, Rose Street Patisserie, The Naughty Greek, Patina, and many more. The Property is located less than one mile from Allianz Field, which is home to the Minnesota United (Loons), Minnesota's Major League Soccer team. Saint Paul is the capital city in the state of Minnesota and is one half of the Twin Cities (along with Minneapolis), the 16th largest MSA in the United States with a population of approximately 3,600,000 inhabitants. Saint Paul's proximity to Minneapolis, and the slew of re-development projects that exist in the vicinity of the property, makes it a very attractive place to live and play.
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Location

  • City Saint Paul, MN
  • Neighborhood Union Park
  • Zip Code 55104
  • Market Minneapolis St Paul

Contacts

Edward Rupp

SVN | Northco

(952) 820-1634

Highlights

  • Profitable floral business with a healthy mix of retail and wedding/corporate business
  • 33.85% cap rate, 2.95 SDE multiple, 29.57% revenue as % of Sale Price
  • This has been a healthy and profitable business for the past 20+ years; the business has served the top event venues in the Twin Cities
  • Award-winning operation, including being included as a 2021 finalist for Minnesota Bride Magazine's "Best Of" list
  • The business is in currently in an A+ location at the intersection of Snelling Avenue and Selby Avenue in Saint Paul; a lease renewal at the current location is a possibility
  • Fantastic online reputation, including 4.9 stars on WeddingWire, 4.8 stars on The Knot, 4.8 stars on Google, 4.5 stars on Facebook, and more
  • Other wedding offerings include floral, lighting, props, and more
  • Custom gifts include bouquets and "celebration creations" (elegant gift boxes)
  • The business offers daily delivery metro-wide
  • Online ordering is available
  • There are numerous opportunities for growth at the business, which are outlined in the Offering Memorandum

Frequently Asked Questions

What is the total square footage of Martha's Gardens Floral Studio: Award-Winning Floral Business in the Twin Cities?

Martha's Gardens Floral Studio: Award-Winning Floral Business in the Twin Cities totals 800 square feet.

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Attachments

Contact Listing Broker

Edward Rupp

SVN | Northco

(952) 820-1634

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