3 Established Hydroponic Stores (Buy together or separately)
| Asking Price: | $350,000 |
| Inventory: | $115,000 |
| FF&E: | $25,000 |
| Gross Revenue: | $600,000 |
| Rent: | $12,000/Month |
| Established Year: | 2017 |
3 established Hydroponic stores for sale in the DMV area. Over the past year, we have integrated 3 independent stores and done all the hard work. One of the stores has been running for 10+ years and the other two for ~3 years. Repeat business from clients as well as new. Past 6 months were spent bringing all stores under one POS, integrating social media and online advertising and optimizing operational expenses. Additional advantages include low rent on 2 locations with zero to sub-6 month leases. Biggest store has a lease lock-in at favorable price.
Market:
Goal is to take control of the DC Hydroponics market. Closest large chain competitor was Grow Generation in Richmond which recently exited the market. This is a potentially high growth market as more and more growers enter the space. Growers tend to be repeat purchasers once a relationship is developed and constantly return for soil, lights, nutrients, services, etc. Locations are chosen to be be ex-urban areas to avail of customers with more growing space but also appeal to condo grower with limited space who purchase tents for indoor growing. Competition is partially from online stores but soil bags are heavy and we beat soil prices online. Customers love coming to stores to pick up soil and receive advice on growing, nutrition, etc.
Employees are very experienced and run stores with little owner intervention. Store footprint is small enough for 1 employee to run.
Lots of opportunities for growth.
1) Combined buying power of 3 stores allows better inventory decisions, easier order minimums and stronger negotiating power with suppliers
2) Never run out of inventory across 3 stores...opportunity to optimize logistics
3) New products avenues - houseplants has been tested and steadily growing at 1 of 3 outlets
4) Additional new products can be discussed with serious buyers
5) New services - initial test done with customers, demand confirmed.
6) Ecommerce - Online website newly established...Buy-online-pickup-in-store sales are increasing
7) Amazon/Ebay/Google/Meta Shopping retail stores not established and represent additional sales opportunities. Can utilize existing warehouse locations and employees can be easily trained. Pick-and-pack is basically free.
Owners are looking to exit with the right strategic buyer....while all 3 businesses are up for sale as they provide the best value, sellers will consider taking on a strategic investment or merger opportunity to further avail of growth strategy.
