Listing ID: 77211
VERY HEALTHY Margins:
• $297,305 Gross Revenue
• $108,562 Net/Total Owner Compensation (36.5% of gross)
Let’s face it: if there’s one thing every person purchased mid-quarantine, it’s a houseplant.
To say this market is hot is an understatement. If you’re looking to take advantage of the massive plant/houseplant demand – all with established systems, consistent affluent clientele, and a seasoned team, this is for you. Perfect for someone looking to ride the wave of growing consumer trends with a turnkey business, pre-built for you with ongoing success and momentum.
This gives you the unique opportunity to tap into the $15.8 Billion houseplant market that continues to grow!
The past few years, and especially the evolving pandemic, have brought with it a new age of consumer demand for plants to optimize their living space. Every single person is spending more time at home than ever, and are desperately looking for ways to optimize the experience.
The result: a surge in plant purchasing. The challenge? Customers don’t know what to buy or how to care for them.
This is where our business comes in: An upscale plant shop providing specialty houseplants & services for a universal need: beautifying the home. It boasts established systems, a deeply rooted client base, recurring customers, and impeccable glowing reviews across all platforms.
—-> Absentee owner possibility – Current owner only works 12/hrs a week on the business.
—-> Stellar reputation offering houseplants, design, events, & more
—-> STRONG 5-star average ratings on ALL platforms, including Yelp & Google Reviews
—-> Online following of over 15,000 on just Instagram alone!!
—-> Newly & beautifully renovated – including custom interior & decor
—-> Strong stable team of 6 employees
—-> Gorgeous custom-built & designed website
—-> Highly active, expertly run social media accounts for each business with high engagement and audience
—-> Strong markup of 300-500% markup on plants, 125-200% on beauty/home accessories/pots
—-> Fully refined systems and staff to run every aspect of the business smoothly for you
—-> Clientele Database, email blasts monthly
—-> Strong long-standing presence
—-> Upscale clientele
—-> Low-hanging profit opportunities
—-> High additional revenue streams (retail, ecom, events & more)
—-> Back patio for expansion & event growth, + full ‘Events Info Kit’ with $150/hr space rental
—-> Strong profit margins
—-> Option to make this an Absentee Owner situation, OR you can be more involved to quickly grow it even quicker!
SPACE + RENT:
~ Base Rent is $2500 + $385 NNN = $2,885 total each month
~ 1,270 sq ft PLUS: An additional ~300 sq. ft patio
~ Current lease goes through 10/31/2022
~ 1 year remaining on a 2 year lease option (landlord open to extending)
~ VERY affordable rent for the area!
—-> Extensive plant selection
—-> Plant styling consulting & installation
—-> Eco-conscious gifts
—-> Classes (yoga, breathwork, sound healing, meditation)
—-> Space rental for events *huge profit potential*
You can easily expand with other related services like events, subscriptions, eCommerce, more retail products, new classes, expanded design & consulting, and more. Massive potential here in the online sales area.
*Perfect for those currently in the plant / horticulture industry OR new business owners looking to enjoy a profitable & purposeful brand.
Positioned in an optimal location in San Diego, providing high discoverability and foot traffic.
Consumer trends have spoken: houseplant sales are hotter than ever and here to stay. If you are looking for an opportunity to make strong profits, while serving others in a truly enjoyable market that aligns with your passions, then acquiring this seasoned business is the way to do it.
Landlords are easy to deal with, very responsive, and flexible.
Very clean financial records will be provided.
Full seller package & presentation is ready for serious buyers.
- Asking Price: $295,000
- Cash Flow: $105,722
- Gross Revenue: $297,305
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $25,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,270
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Optimally positioned in an affluent area with strong supporting demographics & foot traffic in the heart of San Diego. Storefront faces a main street in central San Diego.
This business runs like a well-oiled machine. All Systems, (SOP Operation Manual) and FULL TRAINING will be provided. After the training, the owner is willing to be available part-time for an agreed upon consulting fee, at any time, if needed. 2 weeks training.
Moving to Hawaii
Full marketing plan will be provided so you can grow and scale even quicker. HUGE POTENTIAL by adding on Online Shopping + Shipping option (eCommerce ).
The company was started in 2018, making the business 4 years old.
The deal doesn't include inventory valued at $25,000*, which ins't included in the suggested price.
The business has 4 employees and is located in a building with approx. square footage of 1,270 sq ft.
The building is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 entirely different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is very important that you not rely completely on a seller's word, but instead, use the vendor's solution in conjunction with your total due diligence. This will repaint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Specific variables such as brand-new competition growing up around the area, roadway construction, and employee turn over can affect repeat consumers and also negatively influence future profits. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to develop a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional median house earnings influence future earnings potential?