This independent retail garden center is located 45 minutes southeast 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. Current owner spends 3-4 days per week on average at the nursery.

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.

Possible Terms:
For a buyer with the requisite background, you can get into this business for 10-15% down due to the high real estate component. Seller is willing to assist the right buyer with a small note to act as an equity injection if necessary.

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.

Facilities: •2.8+ acres of land with 430 ft of highway frontage •1,000 sq ft of retail and office space (electricity and water) •160 sq ft additional office space (electricity only) •10,300 sq ft of greenhouse retail space •2,550 sq ft storage space (All the above properties with a total value of $250,000 will be included in the sale of the business.)

Growth & Expansion: The new owner will have the availability to expansion through strategic relationships. Previous owner has not aggressively pursued the wholesale market. The new owner can continue to let the current staff tend to day to day operations while their time is spent on increasing revenue through various channels such as increase advertising and marketing. Currently 30% of sales are through referrals. The new owner can also expand the market to other areas through outside sale force.

Support & Training: The Owner will train a buyer without charge for 30 days. An additional consulting contract with a length of maximum four months can be obtained.

Posted May 27, 2016

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