SOLD! Retail and Commerical Plants- Gross Sales: $1,108,000

TYPE OF BUSINESS: Retail plant nursery for indoor and outdoor plants serving the metro area. They are known for the most extensive range of exotic plants in the region, including Tropicals, aroids, cacti, etc., as well as a substantial range of pottery, home décor, and plant-related accessories. This is a fantastic opportunity for someone who loves plants to acquire a profitable turn-key business with excellent upside potential to grow into B2B and commercial sales that involve design services, hospitality spaces, patios, offices, and condominium buildings, to name a few.  There are two locations, one in St. Paul and one in Minneapolis. Sales breakdown per location: Mpls. 66.5%, St. Paul 25.3% and Wholesale 8.2%.

The hours are Tuesday – Saturday, 11:00 a.m. to 7:00 p.m. Sunday, 12:00 p.m. – 6:00 p.m.

 

FACILITY: The business operates out of two beautiful spaces, one with 6,760 sq. ft. warehouse/retail space with a base rent of $4,000, and the other retail space is 1,770 sq. ft. and base rent is $4,371.

 

EMPLOYEES: One owner works approximately 20 hours per week, the other about 2 hours per week. The business operates with two part-time managers and five part-time sales staff.

 

GROSS SALES: 2022 sales were $1,108,000, and the weighted cash flow to an owner-operator is approx. $123,400. 2021 sales were $1,225,700, and sales in 2020 were $613,000. Sales in 2023 are up 8% over 2022 through June.

 

SALES PRICE: The seller is asking $270,000 for the business plus $65,000 in inventory.

 

REASON FOR SALE: Other interest.

 

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to identify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 30 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 32 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.