Listing ID: 83826
Nursery in business for over 30 years producing quality plants including flowering annuals, perennials, lilies, tulips, poinsettias and specializing in hanging baskets. Retail sales begin in April and run through July. With seven retail locations business revenue has grown to over $1,021,000 in 2019 and continued to over $1,300,000 in 2020.
- Asking Price: $499,500
- Cash Flow: $174,581
- Gross Revenue: $1,301,262
- EBITDA: N/A
- FF&E: $67,002
- Inventory: N/A
- Inventory Included: N/A
- Established: 1986
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Main facility includes retail building, 50,000 sq ft of greenhouses, storage area and loading dock all located on 3 acres of land. Newer boiler used to run radiant heat with additional boiler and generator for back up. Two additional commercial lots in neighboring cities of 1.38 and .9 acres with retail buildings on busy highways are included and used for retail sales, great for additional growth. Business has all the equipment to furnish their four additional satellite locations including greenhouses and racking.
Will train for 4 weeks @ no cost. No special license needed to operate facility.
Owners are looking to retire and travel.
No local competition.
Great growth potential with both wholesale and retail sales. Additional marketing through both website and social media should help improve sales. Business is well known throughout community for superior plant products.
The venture was started in 1986, making the business 36 years old.
The business has 4 FT/72 PT employees and is located in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is extremely important that you not rely entirely on a seller's word, but rather, utilize the vendor's solution combined with your overall due diligence. This will repaint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that revenue margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with 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 might have existing agreements with suppliers that should be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new consumers? Many times, businesses have repeat consumers, which form the core of their everyday revenues. Specific variables such as brand-new competition growing up around the location, roadway construction, and employee turn over can impact repeat clients and also negatively influence future incomes. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood median home income influence future revenue prospects?