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Established and Popular Garden Center
NCListing DetailsOffice ID: GARDEN1
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $1,150,000
Gross Revenue: $2,484,382
Cash Flow: $211,291
12 Month Forecast: $2,750,000
Forecasted Cash Flow: $312,125
Inventory: $434,583
Inventory Included: Yes
FF&E: $80,000
FF&E Included: Yes
Acreage: 5.39 I-1
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Inventory value is the monthly average for 2013.  The value of inventory above or below $434,583 as of the closing date will be added to or subtracted from the selling price. Financial information provided is for the 12 month period ending 6-30-2014. Seller will provide financing consistent with SBA Guidelines.
Minority Owned: Yes
Reason for Sale:
True retirement
Training:
Seller will provide reasonable transition assistance at no additional cost.  Part-time employment or ongoing consulting agreement may be possible.
OperationsYear Established: 2002
Form of Ownership: S Corp
Employees (full-time): 10
Employees (part-time): 23
Managers: 6
Business Hours: M-Sat: 9-5 Sun 12-5
Summary
Business Description:
This business was begun in 2002 and has grown in product as well as service offerings ever since.  Today, the business offers visitors an almost park like shopping environment offering everything from trees and shrubs to koi ponds and bird baths.  Customers love visiting and shopping in its comfortable and inviting environment. The experienced staff is comprised of long-term full-time employees.  Many part-time employees return year after year to work through the busy season.  The company has weathered the financial downturn with increasing year over year sales and is ready for another energetic owner to continue steering the business along its profitable path.
Historical Summary:
Founder started with a leased greenhouse in the late nineties and relocated to the present location in 2002.  Products and services have been continually expanded year over year.
Owner Qualifications:
Buyer should have general business experience and familiarity with basic accounting, employee and vendor management and marketing experience.   A degree in horticulture or related studies a plus. Interest in softscapes, hardscapes and design strongly encouraged. Retail experience would be a bonus.
Competition:
Of the 7 larger garden centers / nurseries in the area this business is located further from another competitor than any other.  Since most businesses of this type generate the majority of their revenue from residences and businesses within a 10 mile radius this business is well located with a well-known brand and large client base. The business ranks high in online organic search engine results for popular related keywords and phrases.  The business has a pay per click (PPC) campaign that also is highly ranked. The website is up to date, informational and easy to navigate.
Potential Growth:
Business is located in a thriving area of one of the Country's fastest growing metros. Opportunity exists for expansion of the plant leasing business and sales of tropical plants. Addition of bulk mulch (to augment bagged product). Landscape design services could be expanded as well.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $1,450,000
Monthly Rent: $10,150
Square Footage: 14874
Facilities:

The business is located on over 5 gently rolling acres on a moderate traffic thoroughfare. The almost 15,000 square feet of well-maintained buildings showcase an impressive retail showroom, greenhouse, storage and potting areas. The site affords ample parking and easy ingress and egress for customers and vendors.


Last Updated: Feb 22, 2016 / 6:07 PM
Financial Information Current as of: Jul 29, 2014 / 2:27 PM
Lender Pre-Approved!