Popular Independent Retail Garden Center & Nursery
Gross Revenue: | $1,720,000 |
EBITDA: | $226,000 |
The Company is a retail plant grower and retail garden center that specializes in providing annual and perennial plant varieties, of which the majority are produced in greenhouses on site. Approximately 85% of revenue is derived from plant sales, with the remaining 15% being hard goods, décor, and gifts. The Company has over 3,000 active accounts and management estimates an approximately 85% rate of repeat business.
INVESTMENT APPEAL
• Superior Name and Reputation: The Company enjoys a long-standing reputation for the quality of its plant products and garden accessories, expertise, dependability, and superior customer support. As a result, the majority of the Company’s business is from repeat business and referrals.
• Diversified Customer Base: The Company has developed an excellent reputation within its market for supplying high quality and high value plant products. Over the historical period, the Company experienced no significant customer concentration. A diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
• Management Will Remain through Transition: Ownership is willing to remain through the transition period, and would entertain remaining with new management for a longer period of time on a consultancy basis.
• Outstanding Growth Opportunities: Several opportunities exist for the Company to significantly increase revenue and profit, including building additional greenhouses and leveraging the Company’s proven reputation to pursue and penetrate the landscaping market. These opportunities are easily attainable given the appropriate investments in capital and human resources.