Horticultural & Gardening Supplies Selling Nutrients & Hydroponics For Sale

Business description

This is a well established business that has been successfully trading since 2002 selling directly to the public, Horticultural and Gardening supplies, Garden Nutrients and Hydroponic Garden Supplies.

The business is well run by two partners who understand the nature of this industry and their customers needs and requirements. They buy in bulk from the manufacturers achieving the best prices and allowing them to be competitive retailers at all times. They secure a large amount of loyalty from their regular repeat customers as they know they are getting the best deals possible on the market. They carry a wide range of products including Organic soils and feeds for fruit and vegetable growth, Hydroponic feeds, bulbs, pots, trays, fans, ventilators and small growing tents. Their target market is Indoor growing of Organic foods which includes herbs, fruits and vegetables. Curently sales of herbs are increasing at circa 1% per week.

The business trades Monday – Saturday from 10.00am – 5.00pm and wholesalers deliever on a weekly basis. The partners spend very little on advertising apart from their recently constructed web-site, which would benefit from the introduction of an on-line shopping basket.

This is a good investment for new owners with fresh ideas and enthusiasm, to take a well established and solid business forward to the next level. This is the sector of the horticultural market which is forecast to achieve the largest growth over the coming years, both in retail and on the internet and an early viewing of this business is highly reccommended.

Key Strengths:

• Well established with good name and reputation – 8 years
• Regular repeat customers – circa 400
• Competitive buying directly from the manufacturer
• Profitable with low overheads
• Wide range of products
• Growth market
• Potential to sell directly on the internet

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The company has a turnover of circa £300,000 per annum with Nett profits of circa £41,000 per annum. The turnover projection for the coming year is for healthy growth once again.

Property information

Property:

Leasehold

Lease terms:

The rental is circa £8,500 per annum with Rates of circa £1,100 per annum.

Location:

The business operates from a small circa 2,000 square feet leasehold industrial unit in Bradford with a sales counter at the front of the unit with the rest of the space used as a product storage warehouse plus an office at the rear of the building. At the front of the unit is a car park which has adequate free parking for their customers.

The rental is circa £8,500 per annum with Rates of circa £1,100 per annum. There is a rolling 18 month leasehold contract in place and the business is well established in its current in-expensive location, although it is re-locatable within the local West Yorkshire area.

Business Operation

Expansion potential:

This is a growth sector of the market with more and more people growing their own organic produce within confined spaces. The market shows no sign of slowing down and this business offers a significant investment opportunity through their regular repeat customer sales as well as an opportunity to open up and capture business from the internet market.

Reasons for selling:

The two partners have built up the business successfully over the past eight years but have now decided to pursue their own separate ideas. This is an ideal time for new owners to take over a healthy business which has got excellent growth potential over the coming years

Employees:

The business is easily run by the two partners.

Years established:

2002

Other information

Support & training:

The owners would be happy to help with a smooth transfer of the business in any way possible.