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Profitable Commercial Wholesale Nursery

Pierce County, WA

Seller Financing Available

listing image
Asking Price:$2,000,000
Gross Revenue:$6,300,000
Rent:$30,000/Month
FF&E:$120,000
Cash Flow:$607,000
Inventory:$1,000,000
EBITDA:$598,000
Established Year:1968
Listing ID: 1924815Listing provided by BizBuySell
BUSINESS DESCRIPTION

This wholesale nursery produces and delivers top-quality product B2B to well-established commercial customers across the Puget Sound Area, delivery coverage currently extends as far north as Bellingham, WA to Portland, OR in the south.

The Company boasts valuable long-term B2B customer relationships, which have developed out of an ongoing philosophy of focused service and intentional offerings of higher-quality nursery product than competitors. Several specialized products grown by this Company are well known and sought after by commercial buyers in the region.

Operating procedures are also well-established, enabling the Company to optimize production in the growing facilities, ensuring efficient use of the most critical resources for this industry, time and growing space. The financial results of operations reflect that of an established entity that successfully weathers the seasonality of the industry.

Parties interested in pursuing this transaction opportunity are encouraged to respond to Hunter Arwood to discuss thoughts on value and possible deal structure.

The real estate that the business is located on is also available for purchase under a separate contract, a lease back arrangement would also be an option.

DETAILED INFORMATION
Location
Pierce County, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
979,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities are located on a property spanning 22.49 acres. The property features over 289,000 sq. ft. of heated covered space, an additional 46,000 sq. ft. of covered cold frames and outdoor growing space exceeding 239,000 sq. ft. The greenhouse facilities are well-maintained, all structures are connected to water and the property has on-site wells that provide all water necessary for growing and production activities. The greenhouses also feature computer-aided climate control systems, with select structures featuring interior shipping and receiving are
Competition
This business is in a unique position compared to some competitors in the region, and does not compete on price to win over the big-box stores that other competitors service, like Lowes or Home Depot, instead a focus on quality has been a key factor for standing-out among other growers. Additionally, other competitors specialize in perennials whereas this Company is specialized in premium annuals, the variety of offerings and specializations for growers allows for relatively friendly competition.
Growth & Expansion
The business has multiple avenues for continued growth and expansion. Expansion of greenhouse covered growing space could enable increased production volume, while integration of new industry technologies could better mechanize processes to improve margins further. Other areas for growth include an expansion of product mix for more exposure to floral departments compared to the current garden products offered. There are additional opportunities for growth if this business were to be acquired by another industry participant. Location proximity and exis
Financing
Owner's are willing to finance a reasonable percentage of the purchase. The underlyin
Support & Training
The owners have been very intentional with mentoring key employees to give them further responsibility over business operations. One owner fills a general management role for the business, coordinating with key employees who oversee various operating areas, this role is a full-time commitment during the core growing season (Feb-June) while otherwise part-time for the
Reason for Selling
Owner(s) are planning on retirement.
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Arwood
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