Multi State Garden Shop and More
Gardening is one of the top 5 hobbies in the US, providing food, comfort, exercise, outdoor time, and a feeling of pride.
Urban homesteading, hydroponics, and home brewing are also increasingly popular activities. And they are big business, with Nursery and Garden Stores a $42.3 billion industry in 2021 alone.
This multi-location garden shop is a highly profitable regional chain of urban garden centers based in NC. The Company is an expert in organic gardening, and its extensive staff brings talent and skills for many related home hobbies related to gardening.
The Company has a wide range of customers has strong, positive brand-recognition throughout the region and even nationally with respect to indoor gardening and more.
Business is booming, with the realities of COVID-19 in 2020 driving revenue up 29.3% over 2019. The Business generated $4,109,920 in 2019 and $5,316,494 in 2020. Likewise, SDE increased 155.5% during the same period, with $755,470 for 2020 and $295,621 in 2019. Overall the Business’s gross margin was over 51% in 2020 and YTD 2021.
Because it sells many products that are difficult to ship (soils, plants, pottery, etc.), online retailers like Amazon are not a threat. And for products that are available online, customers can purchase them through their online store, which also features an incredible 10-year history of blogs and gardening tips to engage customers.
The Company has cultivated a reputation for product-area knowledge and customer service that sets them apart from big box stores like Home Depot or Lowe’s.
After 20 years, the Sellers have decided to retire. The sale includes a database of 31,000 email addresses with an average 16% open rate, in-store assets, vendor contracts, and a transition period with the Sellers.
The Business is a strong, widely-recognized brand as retail leaders in the organic gardening and indoor gardening industries. They have stayed on top of industry trends like houseplants, organic vegetable gardening, and green-home products and have added supplies for cheese making, vinegar making, canning, fermentation, and a host of other areas collectively known as Urban D.I.Y.
This Business would make an attractive acquisition for a strategic buyer already in the garden industry or an individual looking to purchase and run their own business that is profitable as-is, but also ripe for expansion.
Financial representations are a weighted average of the 2019- 2021 tax returns and 2021 P&L annualized from September.
Complete the “Contact The Seller” box to automatically get a paperless NDA and the full business report after a brief phone call.
A local bank has pre-qualified this bank for an SBA loan for a qualified buyer.
|Cash Flow||Gross Revenue||EBITDA||FF&E||Inventory||Rent||Established|
4 Rented Locations
Inventory: Included in asking price
Real Estate: Leased
Building SF: N/A
Lease Expiration: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The company leases space from multiple landlords in several major cities in North Carolina and beyond. Long term leases at market rates are in place. The business also utilizes a distribution facility centrally located to all locations.
Support & Training: Two weeks with owner.
Reason for Selling: Retirement