Profitable Garden Center

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30598002
Status: Pending/Contingent
Building Size (RSF): 10,000 SF
Sale Price: $1,400,000
Unit Price: $140 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Last Updated: 8/29/2020

Overview / Comments

Wilsey Nursery is a very well-known, profitable garden center for sale in a premier Baldwin County location. The business is well established and reputable and is known as one of the best garden centers in the county. Gross revenue is approximately $700K, with net income at approximately $200K, asking price $1.4 MM, Business Value is $600K and includes building structures and FF&E. The business occupies 3.4 acres which are valued at $800K or $5.40 per square foot. The garden center also had a landscaping company that was discontinued. When the landscaping company was operational, it grossed approximately $350K. Its net was approximately $75K, however, those numbers are not included in the above gross revenue and net earnings. The landscaping equipment is included with the FF&E. If you are an owner of a nursery, or have previously owned and successfully operated a large nursery and desire to invest in another very profitable nursery business, this is a great opportunity. If both businesses are operational, the investment will pay off in less than five years. The business has been designated as essential during the COVID-19 pandemic and has proven very resilient. During the first 19 days after reopening for the season on February 28, 2020, it served 2458 customers with an average sale of $72.00. Please note that retail sales drive landscaping sales.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-56-06-23-0-000-049.001
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Highway 98
Highway Access: The business is located at 13477 Al – 181, Fairhope, AL 36532, at the juncture of State Highway 181 and US Highway 98.
Site Description: Nursery Buildings and Sales Yards: 6,824 sq. ft. Heated and automatically irrigated, gutter-connect show greenhouse with roll-up sides, exhaust fans, 9 ft. gutter-height and 14 ft. arch-height (5,624 sq. ft. with concrete floor, remaining 1,200 sq. ft. with gravel floor) 782 sq. ft. Heated and automatically irrigated propagation greenhouse 112 sq. ft. Attached potting area irrigation storage 280 sq. ft. Tool shed/storage area 600 sq. ft. Covered patio area with flagstone flooring 600 sq. ft. Sales building with small office area and bathroom 720 sq. ft. Irrigated shade house with 9 sets of block-and-timber plant benches 72 sq. ft. Gazebo with tin roof and power 40,000 sq. ft. Automatically irrigated sales yards and plant pads (6) LB White ventless greenhouse heaters (34) Commercial-grade irrigation zones on commercial Rainbird timers being utilized. Additional timers and zones installed, but not being used. Other infrastructure includes 6,300 sq. ft. concrete sales area, gravel sales areas and parking lot, fencing with remote-operated main-gate, (2) 4" wells, a 2" well, and (2) 1,000-gallon septic tanks with grinder pumps
Area Description: The business is strategically located in a critical geographic location in Baldwin County AL and surrounded by many communities such as Magnolia Springs, Fairhope, Daphne, Spanish Fort, Foley, Gulf Shores, Orange Beach, and beyond. Baldwin County is geographically the largest county East of the Mississippi, with only four garden centers covering the county. It is also one of the last “un-zoned” regions in Fairhope and the county. “I just know that, as a business owner, I love being un-zoned.”
Total Number of Buildings: 8
Number of Stories: 1
Property Condition: Excellent
Year Built: 1982
Roof Type: Other
Construction/Siding: Panelized
Total Parking Spaces: 30
Parking Type: Surface
Sprinklers: Wet
Zoning Description: Un-Zoned
Water Service: Well
Sewer Type: Septic
Land Ownership: Privately Owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,596 10,985
Median Age: 44.95 43.94
Households: 1,444 4,389

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