Premier Retail & ECommerce Store for Indoor and Outdoor Gardening Equi
Asking Price: | $1,000,000 |
Gross Revenue: | $3,672,936 |
FF&E: | $27,466 |
Cash Flow: | $293,462 |
Inventory: | $400,000 |
Here is a great opportunity to own a profitable, well established and year round business located in a rapidly growing city in Southwestern Ontario.
This Turnkey Business caters to residential gardeners, to whom they provide indoor/outdoor gardening supplies as well as niche hydroponic gardening equipment. 30% of overall sales occur in their attractive retail store, while the remaining sales are from their popular online store which serves customers from every province and territory across Canada. Online sales now represent about 70% of the company’s sales and is growing rapidly.
This unique business is family-operated and well established, having been created by the current family members over a decade ago. It enjoys a loyal base of repeat customers due to the high level of customer service they provide. One of the highest-ranked stores on Google in the gardening and indoor growing industry.
They prioritize finding eco-friendly sustainable products that have a niche following, while avoiding run-of-the-mill products that can be sourced from garden centres in big box stores.
Other highlights of this exceptionally attractive business include:
• Buyers can expect to receive normal inventory levels of $400k to be transferred and is included as part of the sale
• Industry experienced a huge increase in interest during the pandemic and lockdowns. Profitability has continued to rise toward pandemic highs since lockdowns have ended
• Fiscal 2024 revenue is again expected to approach the level they achieved during the pandemic at $4 million
• A comprehensive digital marketing campaign keeps existing customers engaged and brings in a constant stream of new customers
• Length of time in the industry, superior customer service, and continuing marketing activity have made them a leader in the industry
Don’t miss this opportunity to own and grow this highly desirable one-of-a-kind business.
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