Popular Greenhouse & Garden Center for Sale

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Profitable Greenhouse, Nursery, and Garden Center for Sale!
Asking Price:
$599,000

Gross Revenue:
$317,831
Cash Flow:
$115,724
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$24,000
included in asking price

Real Estate:
$320,000
included in asking price

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Business Description

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

Year Established:
1947
Number of Employees:
14 PT
Real Estate:
Owned
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
The owners wish to retire.
Training/Support:
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.

Listing Info

ID:
1429108
Ad Detail Views:
1765

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Business Listed by

Darrel Damhof

Murphy Business & Financial Corporation
License# 40318144

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Sponsoring Broker:

Patrick Steffl
Murphy Business & Financial Corporation
License# 15277

U.S. Census Data for Minnesota
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Minnesota
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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