Price Reduced on this Greenhouse & Garden Center

Not Disclosed, MN

Asking Price: Annual Revenue:
$559,000 $324,843

Retail: Hardware, Bldg. Materials, Garden Center

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RE: Price Reduced on this Greenhouse & Garden Center Broker: Darrel Damhof

Quick Facts

Asking Price: $559,000
Annual Revenue: $324,843
Net Profit: Not Disclosed
Cash Flow: $114,136
Total Debt: Not Disclosed
FF&E: $24,000
Real Estate: $295,000
Year Established: 1947
Employees: 14
BBN Listing #: 74664955
Broker Reference #: 5101-13478

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Business Overview:

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 2019 season, sales were up slightly from the most recent year's.

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Property Features and Assets:

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. Assets = $319,000

Market Competition and Expansion:

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. 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.

Reason for Selling:

The owners wish to retire.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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