Listing ID: 72507
This full-service garden design business specializes in creating beautiful displays of nature for indoor and outdoor spaces in urban settings throughout the boroughs of NYC. They focus on and create gardens, floral displays and potted plantings for roof top gardens, backyards, planting beds, decks, patios, pools, terraces, living/family rooms, atriums, solariums, and other indoor spaces. The business primarily serves the residential market but is well suited to perform work for commercial accounts as well, including commercial lobbies, banks, hotels, restaurants, and others.
The business was built on a passion for creating and maintaining unique and beautiful displays in urban settings. They practice sustainable nature based horticultural techniques and are part of the Perfect Earth project, a non-profit organization dedicated to promoting toxin free land management around the world. Customers are assured that they use the most environmentally friendly method to build and maintain their gardens.
Seller will provide hands-on training to ensure a smooth transition. The business is priced to sell with a highly motivated seller.
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• Asking Price: $185,000
• Annual Cash Flow: $83,000
• Gross Revenue: $225,000
• Employees: 1 FT (owner)
• Monthly Rent: Home Based
• Down Payment: Negotiable
• Open: Weekdays, flexible
• Established: 6 Years
Reason for Selling: Relocating.
- Asking Price: $185,000
- Cash Flow: $83,000
- Gross Revenue: $225,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Owner will support and train.
Owner is relocating.
There is plenty of room for potential growth and expansion.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. However, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is really vital that you not rely totally on a vendor's word, but rather, utilize the seller's solution combined with your general due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Many times, businesses have repeat customers, which create the core of their everyday profits. Specific aspects such as new competitors sprouting up around the location, roadway building and construction, as well as staff turn over can impact repeat clients and negatively influence future profits. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average family earnings influence future income prospects?