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Craven Farms

24/wk
Snohomish City, Washington, United States
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Asking Price$1,650,000
Revenue$403,655 Established1983
Cash Flow$112,220 Employees1 full, 40 part
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed* Home-basedYes
* Included in Asking Price
70 Acre Event and Entertainment Business

This 70 acre farm is located in Snohomish County and provides a pastoral setting for the business, home, and events and venues.  40 Acres of the property is allocated to the growing and harvesting of pumpkins, squash, and gourds, 15 acres to a corn maze, 5 acres to sweet corn, and 8 acres to parking. For almost 35 years, since 1983, this business has provided eco-friendly, agri-entertainment that has delighted many families, children, and newlyweds. This business was the first pumpkin patch in Snohomish County. The farm, which has been in the family for over 3 generations, started out as a fun learning center for families and kids to learn about farms and to enjoy the produce that is produced. Over the years, up until 1999, it remained a business centered on Halloween and the celebration of fall. In 1999, the business expanded its offerings to include events - weddings, family reunions, and tailgate sales. The current breakdown is 80% pumpkin sales and 20 % venues.  During the Thanksgiving/Halloween season the business offers many events - Pumpkin Patch, Kids Adventure Maze, I-Spy, Holiday gift shop, Farm Animals, Harvest Market, 15-Acre Corn Maze, a Night owls maze, and Kids Adventure maze, hayrides, espresso and food shack, face painting, and numerous activities and festive offerings.  The business does not charge an admission fee and does not have many of the more adult activities that the neighboring farms have - this would be an area that the new owner could capitalize on to increase the profits.  The business is closed from December to March each year. The business could easily be expanded by the next owner by staying open at Christmas time and having special Christmas events, increasing the number of Corporate events and venues (currently the business does not cater to Corporate events) and promoting winter weddings.  The current business focuses a majority of its time on the Halloween season and summer weddings. The current owner does very little promotion for the pumpkin farm or the wedding business - they primarily rely on their length of time in the pumpkin business, word of mouth, reputation, and for the wedding business they relying on their website and the website for the Snohomish Wedding Guild, who refers clients to them for weddings.  An aggressive and social media savvy buyer can greatly expand the wedding side of this business as well as branch out into the corporate event business by doing some social media campaigns. The business had 45 weddings in 2016 and has 25 bookings for weddings in 2017 so far.  The average wedding will bring in $3,500 - $4,000 per day plus rental of tables, chairs, benches, bars, arbors and other wedding accessories.  The property consists of a well maintained 3 bdm, 2 bath, 2,368 square foot home, a 3,000 square foot barn and 1,975 square foot pole building for the weddings (with a capacity of 300 guests, 2 bathrooms, and a bride's room), a 6,000 square foot barn for more storage, a groom's room, the company's business office  and more events,  a  3,042 square foot barn for storage, the pumpkin patch store, and Halloween events, a 6,000 square foot barn for more storage and events, a 4,000 square foot barn for equipment and a 550 square foot apartment, and 3 separate sheds (including the cooking house). There is parking for over 500 cars. There are about other venue/event businesses in the area; however, this is one of the few that has indoor facilities, which makes it a prime location for winter events. The price includes the business, real estate and all the buildings and home.  The Seller will finance the sale with 50% down, a 20 year amortization at 5% interest.
The offering price includes the business, real estate and all the buildings and home.  The property consists of a well maintained 3 bdm, 2 bath, 2,368 square foot home, a 3,000 square foot barn and 1,975 square foot pole building for the weddings (with a capacity of 300 guests, 2 bathrooms, and a bride's room), a 6,000 square foot barn for more storage, a groom's room, the company's business office  and more events,  a  3,042 square foot barn for storage, the pumpkin patch store, and Halloween events, a 6,000 square foot barn for more storage and events, a 4,000 square foot barn for equipment and a 550 square foot apartment, and 3 separate sheds (including the cooking house). There is parking for over 500 cars.
There are other venue/event businesses in the Snohomish area; however, this is one of the few that has indoor facilities, which makes it a prime location for winter events.  It is also the oldest and perhaps the best known pumpkin patch business in Snohomish County.
For almost 35 years, since 1983, this business has provided eco-friendly, agri-entertainment that has delighted many families, children, and newlyweds. This business was the first pumpkin patch in Snohomish County. The business does not charge an admission fee and does not have many of the more adult activities that the neighboring farms have - this would be an area that the new owner could capitalize on to increase the profits. The business is closed from December to March each year. The business could easily be expanded by the next owner by staying open at Christmas time and having special Christmas events, increasing the number of Corporate events and venues (currently the business does not cater to Corporate events) and promoting winter weddings.  The current owner does very little promotion for the pumpkin farm or the wedding business - they primarily rely on their length of time in the pumpkin business, word of mouth, reputation, and for the wedding business they relying on their website and the website for the Snohomish Wedding Guild, who refers clients to them for weddings.  An aggressive and social media savvy buyer can greatly expand the wedding side4 of this business as well as branch out into the corporate event business by doing some social media campaigns. There are other venue/event businesses in the area; however, this is one of the few that has indoor facilities, which makes it a prime location for winter events.
The current owner will provide 4 weeks of onsite training on the day to day operation of the business and the skills needed to carry on the business.
Cash, SBA financing, or the Seller will finance the sale with 50% down, a 20 year amortization at 5% interest.
The Seller is retiring.
Growth Potential:70 Acre Event and Entertainment Business This 70 acre farm is located in Snohomish County and provides a pastoral setting for the business, home, and events and venues. 40 Acres of the property is allocated to the growing and harvesting of pumpkins, squash, and gourds, 15 acres to a corn maze, 5 acres to sweet corn, and 8 acres to parking. For almost 35 years, since 1983, this business has provided eco-friendly, agri-entertainment that has delighted many families, children, and newlyweds. This business was the first pumpkin patch in Snohomish County. The farm, which has been in the family for over 3 generations, started out as a fun learning center for families and kids to learn about farms and to enjoy the produce that is produced. Over the years, up until 1999, it remained a business centered on Halloween and the celebration of fall. In 1999, the business expanded its offerings to include events – weddings, family reunions, and tailgate sales. The current breakdown is 80% pumpkin sales and 20 % venues. During the Thanksgiving/Halloween season the business offers many events - Pumpkin Patch, Kids Adventure Maze, I-Spy, Holiday gift shop, Farm Animals, Harvest Market, 15-Acre Corn Maze, a Night owls maze, and Kids Adventure maze, hayrides, espresso and food shack, face painting, and numerous activities and festive offerings. The business does not charge an admission fee and does not have many of the more adult activities that the neighboring farms have – this would be an area that the new owner could capitalize on to increase the profits. The business is closed from December to March each year. The business could easily be expanded by the next owner by staying open at Christmas time and having special Christmas events, increasing the number of Corporate events and venues (currently the business does not cater to Corporate events) and promoting winter weddings. The current business focuses a majority of its time on the Halloween season and summer
Sale Reason:RETIRING
Ad #94685
Seller Reference #SEA01WA001-N268
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Randi Edwards
206-571-4745
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