Asking Price: $599,000 Gross Revenue: $317,831Cash Flow: $115,724 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $24,000 included in asking priceReal Estate: $320,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This greenhouse, nursery and garden center is centrally located in Minnesota along a busy highway. The business was started over 70 years ago and has a strong reputation for growing quality plants with a customer base spreading over 100 miles from it's location. The business produces annuals, perennials and vegetable potted bedding plants along with unique mixed containers and numerous hanging baskets. The owners start their planting season late February and are open for retail sales from May 1st to mid-July. The business operates in 45,000 square feet of greenhouse space with another 10,000 square feet of permanent building all located on over 4 acres. Their greenhouse properties have produced triple the current sales level, but has been down due to the owners desire to cut back work and production. For the 2017 season, sales totaled $317,399, slightly up from last year. For the 2018 season, sales were about the same as the most recent year's.
About the Business
Number of Employees:
The greenhouse facility is located on a busy highway in a central Minnesota town. On their 4.1 acres is 55,000 square feet of space of which 45,000 is greenhouse / growing space. The property is in good repair and has very good visibility from the highway.
There are other nurseries and garden centers in their geographic area, but this business has a strong reputation for growing quality plants and draws repeat customers from miles away.
Growth & Expansion:
Their greenhouse facilities could grow much more than they do today. Not all of the greenhouses are used for maximum production. At one time, the company sales exceeded $1 million and they had two temporary satellite locations in nearby cities. Several years ago owners made the decision to cut back production and not reopen their satellite locations to reduce their workload and simplify their business. All that could start up again with the right owner. Other opportunities could include rooting plants and/or hops for micro breweries.
Will train for 4 weeks @ no cost. Products sold include hanging baskets, unique mixed containers and annual, perennial and vegetable potted bedding plants along with other garden & household accessories.
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