September 25, 2020 – VR Business Brokers of Dallas TX, a leader in the sale of privately held companies, recently facilitated the sale of Knowles Wholesale Florist, an “institution” in the wholesale floral business in North Texas for over 55 years.
Knowles Wholesale Florist provides the retail floral sector with the highest quality products and the most professional and efficient service in the industry! Knowles services a large area of North Texas, extending just across the border into Oklahoma. Tim Knowles, the second-generation owner of Knowles Wholesale Florist, has been associated with Knowles Wholesale for over 45 years, and has decided that is long enough! He is ready to enjoy retirement after a fantastic and enjoyable career!
The business has been purchased by Lone Star Bloom, a real force in the retail floral industry, encompassing over 30 retail floral locations across several states. Through leveraged volume, proprietary analysis, and diligent cash flow controls, Lone Star Bloom is the fastest growing florist in the country.
Kyle Brown, a principal in Lone Star Bloom, says “When coupling our attributes with an ability to provide our team with a full range of performance based benefits not usually offered by most privately held florists, we are able to establish the highest quality of service and performance for generations of customers. Knowles Wholesale has been providing this same level of products and service on the wholesale side for decades, so it fits right in with what we are building!”
Lone Star Bloom is actively seeking acquisitions in the retail floral sector, providing owners with unique and timely exit strategies. Visit their website at http://www.lsbco.com/
VR Business Brokers of Dallas, TX handled all aspects of the transaction, from initial business valuation to marketing the opportunity and providing support through the closing process. Terms of the transaction were not disclosed.
About VR Business Brokers, Dallas, TX
VR Business Brokers of Dallas is part of the worldwide franchisor organization that has been servicing small to medium size privately held companies since 1979. VR Business Brokers of Dallas handles transactions for companies with revenues ranging from $200,000 to $20,000,000, and assists business owners with exit strategy planning, business valuations, packaging and marketing of the opportunity, and full negotiation services through to closing. For more information about VR Business Brokers, please call 214-733-8282, or visit www.vrdallas.com.