New England Bonsai Gardens 8 acres - 1900's house- Barn-8 Greenhouses

Bellingham, MA (Norfolk County)

Bonsai

Asking Price:$975,000

Cash Flow:$130,007

Gross Revenue:$539,000

EBITDA:N/A

FF&E:$196,499

Inventory:$240,000

Real Estate:$500,000

Established:1987

New England Bonsai Gardens 8 acres - 1900's house- Barn-8 Greenhouses

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Business Description

BONSAI RETAIL, WHOLESALE, EDUCATION
Since 1987 this company has offered the very finest in bonsai and bonsai education. Currently, the business is beautifully set on an 8 acre property with 8 working greenhouses, a 2,425 sq ft barn for shipping and storage, a 1900's farmhouse, in which the seller lives and also includes a rented apt.

Recognized by Yankee Magazine as a top New England Summer destination which is fully stocked with everything for the bonsai enthusiast. The nursery was featured at length on Martha Stewart’s blog in 2015.

They are recognized as one of the nation’s largest, most beautiful and comprehensive BONSAI NURSERIES with approximately $300K inventory or more at any given time. They host teachers and guests every year from Japan. They import from Japan and other Asian countries. On the West Coast, they have cultivated relationships with some of the best and most experienced bonsai growers in the country.

Bonsai services include: School of Bonsai, Membership, Tree Sitting services, Wholesale, Retail and Events. Their website offers a wealth of resources including bonsai care sheets, pests and diseases, beginner FAQ and more.

There is a mystique about bonsai and this fantastic, niche business with real estate presents an opportunity to express your creativity, build an honest life and enjoy no more commuting to work!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property contains 8 acres of land mainly classified as RES/COM with a Farmhouse style building built about 1900, having asbestos exterior and asphalt shingled roof cover with 2 units, 9 total rooms, 5 total bedrooms, 1 total bath, 1 total ¾ bath. The Seller resides in the farmhouse but has not updated it since purchase many years ago. There is a 2nd unit in the farmhouse which is a small apartment, of which, the company receives $750. per month rent 2,425 sq ft barn is used for shipping and storage 8 Greenhouses (5 are 30’ x 96’ and 3 are 18’ x 96’) Also included in the sale: additional Inventory which is on display for aesthetics and not for sale to customers (specialty bonsai & pots) fair market value of $43,139
Competition:
One regional competitor
Growth & Expansion:
The current owner began downsizing slowly around 2010 due to health issues. In order to achieve growth, a new owner would re-open the business all 12 months per year and 6 to 7 days per week while extending the hours open for business. The areas for growth begin with increasing the wholesale business, the high end retail business, and to offer additional bonsai workshops and promote the on premises Bonsai classes. Other growth options include; attending flower shows, bonsai shows and renting a bonsai kiosk (mall) at holiday season. Another somewhat untapped area is the road front signage and advertising. The seller states they have not advertised for years ( only trade magazines) and their own website.
Support & Training:
2 weeks included in the price. Seller's will consider consulting with the new owners after the sale if needed at a mutually agreed upon rate.
Reason for Selling:
Retirement

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Audie Quick

Business Listed By:
Audie Quick

Quick and Associates

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