314 Sprague Ave Spokane, WA 99202-1536

Property Details for 314 Sprague Ave

Year built

1909

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 lot acres

Property size

2,040 SF

Property type

Retail space

APN

35202.0409

APU

352020409

Description

This iconic Spokane flower shop, operating for 118 years, is available for purchase. Boasting a 2,024 square foot showroom, office, and design studio, this business includes all fixtures, furniture, equipment (FF&E), a cooler, and inventory. The current owners, in place since 1992, are retiring and offering a transition period. The business enjoys a prominent client base, attractive lease terms, and a strong reputation, evidenced by numerous civic awards. Sales in 2022 totaled $414,452, with 70% derived from the Teleflora network and 30% from local sales and walk-ins. The business serves a wide area, from Mead to Spangle and Airway Heights to the Idaho state line. An agricultural license exempted the business from pandemic closures. A cash offer is preferred, but seller financing may be considered based on creditworthiness. S corporation filings are available upon signing a non-disclosure agreement (NDA). This is a rare opportunity to acquire a well-established, profitable business with a rich history and significant growth potential.