Monday, July 13, 2015
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell an Illinois-based Florist with an ecommerce component.
Contact: Jordan Whitehurst, Director of Corporate Development
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Sun Acquisitions (www.sunacquisitions.com) announced today they have been engaged to sell a florist company that is an Orland Park community fixture. Sun Acquisitions has a strong reputation for managing the complexities of business deals, with the sophistication that business owners demand. Fred Stephenson will be the Advisor responsible for this engagement.
Sun Acquisitions will manage the entire engagement to ensure a successful transaction is completed. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The floral industry generates $5.8 billion in annual revenue, and while the industry at a whole is in a slight decline, due to some floral businesses being slow to adapt to new business trends, florists that have an established ecommerce component to them are on the rise. Ecommerce floral companies are expected to see substantial growth in 2015 as they have seen an annualized growth rate of 10.4% in the five years to 2015. The 12 top 500 retailers in the flower category grew web sales by 8.3% in 2011 alone.
Key Success Factors for the floral industry:
- Effective quality control
- Attractive product presentation
- Ability to control stock on hand
- Ability to attract local support/patronage
- Having good relationships with suppliers
- Accessibility to consumers
The floral industry is very much tied into consumer spending. Florists are often used in companion to buying cards and gifts when consumer spending is high. Consumer spending is expected to increase in 2015, presents a potential opportunity for the industry. Additionally, demand for plotted plants and flowers is expected to pick up in the five years to 2020, as disposable income improves.
About Fred Stephenson
Fred has over 30 years of experience as a former business owner and company executive. Fred owned and operated a commodities transportation business for many years which enables him to understand the needs of business owners when it comes to selling their firms. In addition to business ownership, Fred was a member of the Board of Trade and a Senior Banker for Charter One. At Charter, Fred helped small and mid-sized companies develop sound fiscal and financial strategies for long-term success.
Fred is a graduate of Purdue University with a degree in economics. His broad experience and education are a perfect fit when helping clients understand the value of their businesses and how to maximize the return on the investment.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com
Contact Sun Acquisitions for more information at 773-243-1603.