Specialty Retail Garden Center - Well-Established (28 Years Old)

UNDER LOI Top Things To Know + Retail Garden shop where 50% of the plants are not typically found in big box centers. + Turnkey Operations: Company is guided by well-defined systems and processes + Clean Books and Records: The sellers run very little addbacks through the company. + Established Brand: Reputation for outstanding service and an array of options. + Limited Marketing: 80% of business comes from referrals and repeat business + Longevity: Established in 1993, the company has been an industry leader for 28 years + Training: Seller will train free of charge for 30 days to ensure smooth transition. SBA Pre-Approved! This opportunity has been pre-approved by an SBA banker and is eligible for an SBA loan. For full approval, a buyer will need to meet the standards of both the SBA and the bank’s credit team. The seller will retain all the cash and retire any long-term debt. Assuming a 10-year SBA banknote in the amount of $600,000 (excludes any SBA and/or deal fees) and an interest rate of 6%; the monthly loan payments would be approximately $6,660/month or $79,920 annually. The SBA loan will be personally guaranteed by Buyer. Special Notes The seller would like to retain the company name therefore the company will need to rebrand post-closing. The good news there is precedent when it comes to how changing the company’s name impacts the customers and revenue as the current also had to rebrand the business when they purchased the business and there was no drop off with customers and revenue. The seller is open to licensing the name for a period of time to help with a smooth transition and supporting a buyer with rebranding efforts. Location: Dallas, Texas Year Established: 1993 Number of Employees: 12 Real Estate: Leased Building Sq. Ft.: 2,684 Rent: $7,400.00 Per Month Lease Expiration: 6/30/2024 Facilities: The business occupies a 2,684 sq ft building and pays $7,400 per month. The current lease expires June 2024. There are no remaining option periods, but a new lease can be negotiated as part of the sale.