Business Overview

Wholesale Greenhouse business centrally located in close proximity to major markets in the Midwest is offered for $1.8M along with 24.6 acres (asking $2.6M). Revenue has ranged from $2M to $2.2M annually over the last few years.

This Wholesale Greenhouse business has operated for decades and specializes in high-quality, hard-to-grow items. The enterprise ships millions of perennials, herbs, grasses and wildflowers to garden centers, landscapers, mail-order firms, botanic gardens, parks and zoos throughout the U.S. and Canada.

This $1.8M business listing includes quality machinery and equipment, together with $1.1M inventory. The real estate includes a climate-controlled propagation facility constructed for approximately $1M. Sizeable workforce possesses quality skills/experience and outstanding work ethic. The owners are ready to retire and turn this award-winning enterprise over to a buyer ready to take it to a higher level. They are willing to stay on as long as the buyer wishes to facilitate a smooth transition.

Contact Tom Freimuth, Business Broker, Results Business Advisors, tom.freimuth@resultsba.com, 402-212-6979, for complete details or to arrange a private tour with the seller.

Financial

  • Asking Price: $1,800,000
  • Cash Flow: N/A
  • Gross Revenue: $2,100,000
  • EBITDA: N/A
  • FF&E: $2,254,810
  • Inventory: $1,100,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:274,051
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Office, shop, shipping and storage facilities total 17,760 square feet. Steel-framed-poly and rigid-covered Greenhouses total 256,291 square feet. The land covering 24.6 acres includes a climate-controlled propagation facility constructed at a cost of $1M.

Is Support & Training Included:

Full support and training will be provided.

Pros and Cons:

No comparable wholesale greenhouse with similar product selection within a large area.

Opportunities and Growth:

Expand wholesale network and add focus to online sales of unique selection of high-quality, hard-to-grow items. The business recently acquired a hemp license, enabling the enterprise to sell starter hemp plants (clones) to operations in this emerging industry.

Additional Info

The sale does include inventory valued at $1,100,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is very crucial that you not rely completely on a seller's word, yet instead, utilize the seller's response together with your total due diligence. This will paint a more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover items such as stock, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new customers? Most times, businesses have repeat customers, which form the core of their everyday profits. Specific elements such as new competition sprouting up around the location, road building, and also personnel turnover can influence repeat customers and also negatively impact future incomes. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the regional typical family earnings impact future earnings potential?