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Asking Price$2,250,000
Revenue$1,282,980 Established1979
Cash FlowUndisclosed Employees11 full, 5 part
FF&E$80,000* FranchiseNo
Inventory$200,000* RelocatableNo
Real Estate$1,600,000* Home-basedNo
* Included in Asking Price
The company was established in 1979 and incorporated in 1986.. The business is focused on retaining long term customers therefore its efforts are on producing high quality, long lasting plants and achieve 100% customer satisfaction. Located in one of the fastest growing areas of the Lower Mainland, the company has positioned itself as a support resource for garden enthusiasts locally and a dependable supplier for other garden centres, landscaping companies and municipalities. The company is known for its personal level of service from its qualified and caring staff members.
Facilities:The property consists of 5.7 acres of land. Included in the sale are 7 greenhouses and a single family dwelling and service buildings
Competition:The business grows most of their own product and sell primarily locally grown nursery stock, fruit trees and perennials. Most of their competitors do not grow their own product. Other than the big-box stores, management states there are three direct competitors.
Growth Potential:Future growth in the industry will be primarily driven by the retiring Baby Boomers and the new generation of gardeners aged 20 to 40 years old. The new generation demands more information about where food comes from and many seek to grow their own food. In addition, new energy sources and lighting technologies, such as LED lighting, is capable of providing more light at a fraction of the cost of traditional sodium lights found in most greenhouses. There are several ways a new owner could expand existing operations including: • Creation of new crops • Increase vegetable plants • Add a small cafe or coffee shop • Use the bare acre on the corner to grow organic vegetables to be sold to the local Farmers markets and/or create a “Farmers Market” environment in-house • Introduce new retail items • Add landscaping design and installation services
Training/Support:The husband and wife team stand ready to pass this exceptional business over to an individual that can take it to the next level so that they may retire. The owners will provide a training and transition period that will be negotiated and as needed by the buyer.
Sale Reason:retiring
Ad #69244
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Contact This Seller
Scott McKenzie
National Merger & Acquisitions Group
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