The Tiffin-Seneca Economic Partnership (TSEP) along with the Fostoria Area Chamber of Commerce announced today that the owner of Flowerland in Fostoria, Ohio is looking to retire and would like to sell his business to an interested entrepreneur.
Flowerland is a successful and well-regarded floral shop with $320,000 in annual sales, standing orders, and referral contracts. Currently, Flowerland has two full-time employees and occupies a space it shares with a residence. The seller is asking for $50,000 for the business along with its inventory, contracts, and standing orders. Additionally, the owner is selling the real estate for $175,000. If the buyer needs assistance to learn the business, the seller is willing to help them and is also willing to set up a payment plan depending on the buyer. Eligible parties would ideally be interested in running the business themselves.
Current board president of the Seneca County Commissioners Anthony Paradiso stated his support of the project. “Flowerland is a business that has been in Seneca County for three generations, nearly one hundred years. This is a great opportunity to retain a well-known and respected business as a part of our larger community.”
Detailed information about this opportunity can be found on TSEP’s “Entrepreneurial Opportunity Clearinghouse” at tseoc.org. The opportunity will remain open from now until April 1, 2023. Interested parties should contact Adam Gillmor, Development Coordinator at TSEP, at gillmor@tiffinseneca.org, or by phone at 614.725.8086.
About the Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse
The Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse (TSEOC), launched in April 2021, is designed to facilitate the flow of entrepreneurial talent and capital to new business start-up, franchise, and business acquisition opportunities. There may be investors that do not want to run the business but would be willing to invest if a competent entrepreneur and business manager could be found. To date, the Clearinghouse has promoted ten opportunities and facilitated three successful business transactions: Bird Scooters, Kuebler Shoes, and T.J. Willie’s. Additional information can be found at tseoc.org.