Highly Profitable Lawn & Garden Center
| Asking Price: | Not Disclosed | Inventory: | $212,154 ++ |
| Gross Revenue: | $2,607,248 (comments below) | Real Estate: | n/a |
| Cash Flow: | $325,170 (comments below) | FF&E: | $109,473 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: From 2008. Thru 6 months of 2009, revenue is up 3.7% | |||
| Cash Flow Comments: From 2008. Thru 6 months of 2009, expenses are down 6.9%; Margins continue to increase. | |||
This 35 year old company is very successful as a leading retailer of lawn & garden supplies, nursery items, pet food, and other bulk supplies. Because of its location, history, and wide array of products, the company enjoys a loyal and repeat following among residents, commercial businesses, local governments, education facilities, and other institutions.
The Company has increased its revenue steadily for many years, and enjoys continued sales growth on a year-to-year basis despite the recent harsh economic conditions. For the first six months of 2009, the Company is ahead of its revenue pace for the same interim period in 2008. The Company enjoys a good profit margin with respect to revenue and seller’s discretionary cash flow.
The company has approximately 75 major accounts that provide 20% of the revenue. In 2008, the Company had 56,812 customer transactions. The current 80 / 20 residential / commercial customer profile has proven to be profitable and sustaining for 35 years since Company opened in the mid-70s. The commercial customer potential is significant should a new owner wish to expand in that direction. Retail Store’s core capabilities center on its efficient operations throughout the product ordering, inventory, and retail sales cycles.
Given the nature of the business and the philosophy of the owner, the number of employees necessary to provide for their customer needs is relatively small. The company routinely hires or re-hires long term part-time personnel to meet seasonal demand thereby limiting the company’s exposure to payroll related costs and provides a mechanism for controlling day-to-day profitability.
Owner has been in the business for his entire adult life and has been the owner since January of 2000. After 25 years in the business, owner is interested in pursuing a second career.
The Company has increased its revenue steadily for many years, and enjoys continued sales growth on a year-to-year basis despite the recent harsh economic conditions. For the first six months of 2009, the Company is ahead of its revenue pace for the same interim period in 2008. The Company enjoys a good profit margin with respect to revenue and seller’s discretionary cash flow.
The company has approximately 75 major accounts that provide 20% of the revenue. In 2008, the Company had 56,812 customer transactions. The current 80 / 20 residential / commercial customer profile has proven to be profitable and sustaining for 35 years since Company opened in the mid-70s. The commercial customer potential is significant should a new owner wish to expand in that direction. Retail Store’s core capabilities center on its efficient operations throughout the product ordering, inventory, and retail sales cycles.
Given the nature of the business and the philosophy of the owner, the number of employees necessary to provide for their customer needs is relatively small. The company routinely hires or re-hires long term part-time personnel to meet seasonal demand thereby limiting the company’s exposure to payroll related costs and provides a mechanism for controlling day-to-day profitability.
Owner has been in the business for his entire adult life and has been the owner since January of 2000. After 25 years in the business, owner is interested in pursuing a second career.
About the Business
Year Established:1974
Employees:7 full time - 9 part time
Facilities:Retail Store on 4 Acres; excellent location
Market Outlook and Competition:The company’s excellent retail location, 35+ year history, and legacy of outstanding customer service provide it with a ready-made foundation for marketing and advertising. Company is very skilled at direct mail fliers; and, the primary supplier provides significant advertising co-op dollars in exchange for its role as primary distributor. In addition to direct mail advertising, the owner has an encompassing and experienced view of what results in successful marketing for company. Company is customer focused and in tune with the customer satisfaction levers that result in repeat traffic and business. Company has fine tuned its marketing and advertising strategy to align it with the seasonal revenue and customer demand. Company has significant marketing advantage over its area competitors. Although the Company has decided to “stay small” to date, owner understands the business so well that he knows which avenues he would pursue if he ever decided to adopt an aggressive growth strategy. Owner is willing to share a written summary of growth strategies options with serious buyers during due diligence. There are ZERO other retail stores bearing the same product supplier within 15 miles of the Company. Two competitive local retailers offer similar services and private dealer products however, the relative product costs at each are higher than at company.
About the Sale
Management Training and Support:The owner is willing to train new owner for an agreed upon period and will be available for consulting after a training period.
Reason For Selling:Owner wants to pursue a second career.
KEYWORDS: lawn, garden,nursery,pet,pet supplies,bulk supplies,bulk, garden center
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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