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Listed by:

BTI Group

Broker license number: 27642

Lavender Farm Business In Sequim For Sale

Sequim, Washington, US
Asking Price:
$1,400,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$526,252 (USD)
Cash Flow:
$78,776 (USD)

WA Lavender Farm 7+ Acres Manf/retail/event/vrbo

One of a kind lifestyle business opportunity. The lavender farm is located in sunny Sequim, WA on the Olympic Peninsula, approximately a 2-hour drive and ferry ride from Seattle. It is one of the most beautiful and iconic lavender farms located in the Lavender Capital of North America which attracts thousands of visitors from around the world. The owner of this idyllic property is in his mid-70's and is ready to ride off into the sunset. The sale includes 7.2 acres which consist of over 15,000 lavender plants, numerous other flowers, plants, fruit trees, and herbs. A charming 3 bedrooms 2 bath farmhouse that is currently used as a VRBO and popular wedding venue. A new owner could use it as a permanent residence or continue as rental income. The sale also includes multiple outbuildings, farm equipment, a distiller for essential oils, concert stage and sound equipment, the trademarked name, and proprietary product recipes. Products are sold at the farm and at a leased downtown retail location. The Current owner is primarily absentee and there are many areas for the potential growth of sales and cash flow. SE10123

Property Information

Real Estate:

Lease

Lease Terms:

Lease expires 12/31/2021, A new lease is available, Rent $1,870, 940 square feet,
Hours Varies seasonally at Farm and Retail location

Leasehold Rent:

$1,870 (USD) per annum

Living Accommodation:

Three bedrooms, two-bath home built in 1994 that could be used as owner's residence.

Location:

One of a kind lifestyle business opportunity. The lavender farm is located in sunny Sequim, WA on the Olympic Peninsula, approximately a 2-hour drive and ferry ride from Seattle. It is one of the most beautiful and iconic lavender farms located in the Lavender Capital of North America which attracts thousands of visitors from around the world.

Premises Details:

The sale includes 7.2 acres which consist of over 15,000 lavender plants, numerous other flowers, plants, fruit trees, and herbs. A charming 3 bedrooms 2 bath farmhouse that is currently used as a VRBO and popular wedding venue. The new owner could use it as a permanent residence or continue as rental income. The sale also includes multiple outbuildings, farm equipment, a distiller for essential oils, concert stage and sound equipment, the trademarked name, and proprietary product recipes. Products are sold at the farm and at a leased downtown retail location.

Size in square feet:
1,927

Business Operation

Expansion Potential:

The current owners hire out all work and are only the face of The Company during the peak season by greeting and welcoming visitors. Due to their age, they have taken a more relaxed position and are not actively involved. A new owner could be active in working at the farm and/or retail store. Classes, dinners, wine tasting and/or summer concerts are another popular low cost/high-profit addition. Additional distillation of other essential oils could be added to the product line. There are no near-term capital expenditures. Other buildings could be built on the land, check with the City of Sequim for zoning requirements and/or limitations.

Competition / Market:

There are other lavender farms in the county, however, the other farms are collaborative in bringing tourism to the area. This is one of the most well-known and highly rated. There are two other retail gift stores in downtown Sequim. the Company has many proprietary products not available at the other retail locations.

Reasons for selling:

Retirement

Trading hours:

Varies seasonally at Farm and Retail location.

Employees:
4
Years established:
24

Other Information

Support & training:

Up to 10 hours a week for 8 weeks and phone/email consultation as needed.

Financing available:

Owner financing $98,000 at 7% for 60 months

Furniture / Fixtures value:
$65,000 (USD) - included in the asking price
Inventory / Stock value:
$12,014 (USD) - included in the asking price
Home based:
This business can be run from home.

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