Listing ID: 80605

Business Overview

8.049-acres, zoned rural, a 4-bedroom house with power water & a private driveway in the back of the property, a office/retail/gift shop also with power, water, a men’s & a women’s bathroom, a large grease trap, a septic tank, & the main entrance from the front of the property. The property was previously a botanical garden with 3-pavilions, and hundreds of exotic plants and flowers from all over the world. There are 2 parking lots than can hold up to 75-cars. The rural zoning allows up to 15-mini-homes on the property. Zoning also allows: child care nursery, kindergarten, school, adult day care center.

Financial

  • Asking Price: $3,500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:1,616
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Zoned rural, a 4-bedroom house with power water & a private driveway in the back of the property, a office/retail/gift shop also with power, water, a men's & a women's bathroom, a large grease trap, a septic tank, & the main entrance from the front of the property. The property was previously a botanical garden with 3-pavilions, and hundreds of exotic plants and flowers from all over the world. There are 2 parking lots than can hold up to 75-cars

Additional Info

The company has 0 employees and is situated in a building with estimated square footage of 1,616 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell businesses. However, the true factor and the one they tell you might be 2 totally different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is extremely vital that you not rely completely on a seller's word, however instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint a much more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new consumers? Many times, businesses have repeat customers, which form the core of their everyday revenues. Certain aspects such as new competition growing up around the area, road building, and employee turn over can affect repeat clients and also negatively affect future incomes. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? How might the local mean family income effect future income potential?