This independent retail garden center is located just south of Dallas. This business has been providing a wide variety of garden related products for over 35 years. In addition to providing the highest quality nursery plants and products, it enjoys a high level of customer loyalty. This business is very community-oriented and was voted “Best Landscape Nursery” in the area by local residents. They are known for their helpful and knowledgeable staff. Customers know that they can come to them with all of their plant and gardening questions. The company’s well trained team is capable of running day-to day operations, allowing the owner time to develop strategic relationships which can help grow the business.
The company has excellent books and records. Financials are clean and verifiable. Sales have been trending upward, while Cost of Goods have remained flat. 3 of 4 employees have been with the company for over 10 years and the other for over 5 years. There has been zero turnover in the past 5 years. This business is run semi-absentee with the knowledgeable staff capable of managing the day-to-day operations without the owner.
This business is prequalified for SBA financing for qualified buyers. The asking price of $430K includes the $250k for real estate. Since the real estate makes up over 50% of the sale price, this business can be financed over 25 years. This allows for a very low monthly debt service to be able to keep more of the money in the business for profits/growth.
The price for the assets of the business is $430k, including $250k for the real estate, $38K for the inventory and $14K for the FF&E. Based on 20% down for a well-qualified buyer, monthly debt service would be around $2600 month based on 25 year amortization. Buyer is able to net much more each month because the loan is over 25 years. Seller is willing to assist the right buyer with equity injection up to 10% for down payment.
For a well-qualified buyer, you can get this well run semi-absentee business for less than $50k down. The 25 year amortization allows the new owner to keep more of the profits in the business and pay off the note over time. The extra funds each month can be used to help the business grow.
Finding a fiscally sound business with clean books and a stable capable workforce does not come around very often. The financing terms and long business track record reduce much of the risk associated with buying a small business. This business can pay for itself and generate a good income for the right buyer.
Asking Price Between $100,000 and $500,000
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