Nursery/Garden Center in the Black Hills

Belle Fourche, SD (Butte County)

Homestead Nursery

Asking Price:$400,000

Cash Flow:$3,762

Gross Revenue:$115,615

EBITDA:N/A

FF&E:N/A

Inventory:$150,000

Real Estate:$170,000

Established:1988

Nursery/Garden Center in the Black Hills

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Business Description

Nursery/Garden Center in business for over 28 years with a wide range of plants- bedding plants in spring and hardy perennials, shrubs & trees from spring through the summer & fall. Mostly retail but some wholesale to landscapers (potential for growth). Located in the northern Black Hills area of South Dakota with a trade area extending into Wyoming, Montana & North Dakota with a solid customer base (mailing list over 1300 (also email list & Facebook outreach). Frontage on busy highway U.S. 85, with 11,000+ daily vehicle count; also access from city street at back of lot, with possibilities for additional parking & more. Adjoining property for sale also, with potential for growing fields or other uses.. Inventory has averaged $150,000, but we will reduce inventory by this fall with a fall sale and selling price will be based on actual fall inventory, so will be lower then. We have excellent credit & vendor history. Grounds include display gardens and established trees and a natural landscape forming an inviting island of green. Homestead Nursery has been a place that gardeners in the area look forward to visiting to find new plants and more. The nursery offers an established base to build on- for someone to bring their own energy and ideas to continue growing. Turnkey business (by fall).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
2
Facilities:
2.58 acres with 4 greenhouse buildings (3 with wood/metal framework with plastic covers, one with polycarbonate roof & sliding garage doors), 2,125 ft. house with basement, 1920 ft. large shed, garage & small shed. Buildings will all have new roofs by fall (repairs from 2015 hailstorm). Additional structures- arbor, pergola & kiosk. City water with no restrictions & well with pump & pipelines extending into nursery for watering needs. Equipment includes Bobcat, chipper/shredder, many tools & supplies, office equipment & labeling supplies. (Home Based)
Competition:
We are the only nursery in town and one of 4 nurseries in the Black Hills area. Because we carry a wide range of plants and offer a more complete garden experience than most places that sell plants, we draw from a wide area (especially from traditional trade territory in Wyoming & Montana but also much of the Black Hills region). Our location is on a busy stretch of Highway 85 south which has become the prime business location in our growing community, with additional access in the back of the lot on Mill St.
Growth & Expansion:
Spring business at the peak from Mother's Day to mid-June has been about as much as we have been able to handle with our set-up (2016 May sales of $51,859 were a record), but there is room for growth in summer to fall. We have had success in selling metal ornaments on consignment, so similar merchandise appealing to gardeners should find a market. Another possibility is r]to feature events through the season to draw more customers during the slower periods. Having a landscape crew to plant for customers could increase sales also.
Financing:
No contract for deed; outright sale only
Support & Training:
Transitional assistance available. We can work with you to help you get to know the nursery, its surroundings and the community. We could be available to work along with you for some time if that would be helpful. While we are aiming for retirement, we are still willing and able to work.
Reason for Selling:
Need to retire as age and physical limitations increase.
Home-Based:
This business is Home-Based
Business Website:
http://homesteadinbelle.com

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Business Listed By:
Richard Wells

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