Business Overview

RVA Business is proud to present this reputable Home & Garden Center to the market.

Nursery and Garden Stores are a $42.3 billion industry that has grown even more during the pandemic. Before you is an incredible opportunity to enjoy the renewed interest in gardening with a home-grown full-service garden center in Lynchburg, Va.
The Store outperforms its competitors in their wide variety of annuals and perennials. Combined, the two account for 32% of the revenue. Shrubs, plants, mulch, outdoor living, gifts, food, and more, round out the store’s offerings. The Store recently added landscape design, installation, and maintenance services.
Established in 1993, the store occupies 35-40% of the market share. Quality inventory, expert staff, and reputation are everything in the garden industry and the Buyer will not be disappointed.
This is an opportunity for growth. The Seller has been occupied with another business and has not been able to devote the time they wanted to grow the business.

Key Investment Considerations:
• Outstanding reputation: 4.9 stars on Facebook & 4.8 stars on Google
• 28-years in the community
• Superb location, Busy Street Frontage
• 26,000 sq. ft. greenhouse
• 18,000 sq. ft. outdoor display space
• 2,300 sq. ft. shop
• $5,000 in Assets
• $35,000 in Inventory
• Holds 35% of the market share
• Far more diverse and larger inventory of Annuals & Perennials than competitors
• Wide variety of plants, shrubs, home & garden gifts, and more
• Varied services which include landscape design, retaining walls, brush pruning, outdoor lighting, flower bed renovations, and more

Financial

  • Asking Price: $199,000
  • Cash Flow: N/A
  • Gross Revenue: $775,000
  • EBITDA: N/A
  • FF&E: $5,000
  • Inventory: $35,000
  • Inventory Included: Yes
  • Established: 1993

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,300
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2,300 sq ft of showroom space. 26,000 sq ft of greenhouse space. 18,000 sq ft of outdoor display area. $3,800 a month; 3% annual increase 5-Year term

Is Support & Training Included:

Seller owns complimentary landscape business and will be available

Purpose For Selling:

Seller to focus on Landscape business

Pros and Cons:

Nursery and Garden Stores are a $42.3 billion industry that has grown even more during the pandemic. Lynchburg Va. is a growing area!

Opportunities and Growth:

- There is a huge market for outdoor patio furniture. The closest store that holds a large selection of patio furniture is over 55-60 minutes away. Dedicated attention and marketing of patio furniture stands to add roughly $400,000-$500,000 annually. - Add larger trees. A local nursery with a lower market share offers larger trees. Investing in larger trees can draw new customers and offer existing customers items they'd need to go elsewhere for. - Urban farming and hydroponics are hot trends in the gardening space. People found a new love in gardening during Covid. Offer supplies for and classes on urban farming and hydroponics. Website / Social Media - Add the Facebook icon and link to every page. - Consolidate the Instagram accounts. There are two: - The last post for company was 5 days ago. - The last post forcompany was 110 weeks ago. - Add an online store. Company has suggested an online store several times and is eager to discuss the options. - Consider curbside pickup and delivery. Advertising / Email Marketing - The Store has seen great success with Facebook ads. Consider expanding to Google ads. - Capture email in-store and online. Re-market to customers with the latest inventory, discounts and specials, and upcoming events. Get Creative - With Covid-19 safety measures in place, it is time to get creative with bringing people into the Store. - Offer classes. - Offer school field trips to discuss ecology, plants, and the farm-to-table lifestyle. - Explore the requirements for adding an outdoor cafe. The longer people stay in the Store the more they are likely to buy. - Host a farmer's market once a week.

Additional Info

The company was started in 1993, making the business 29 years old.
The transaction will include inventory valued at $35,000, which is included in the listing price.

The company has 5 employees and resides in a building with disclosed square footage of 2,300 sq ft.
The property is leased by the company for $3,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell companies. However, the real reason vs the one they tell you might be 2 totally different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is really important that you not count totally on a vendor's word, however instead, make use of the seller's answer in conjunction with your overall due diligence. This will paint a more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover items like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new clients? Often times, businesses have repeat clients, which form the core of their day-to-day profits. Particular factors such as new competitors growing up around the location, road building and construction, and staff turn over can impact repeat consumers and adversely affect future revenues. One important point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional typical house earnings influence future earnings potential?