Creekside Garden Center Inc.

Undisclosed Address, Michigan
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30179711
Property Subtypes: Home and Garden
Status: Pending/Contingent
Building Size (RSF): 18,944 SF
Sale Price: $429,900
Name of Establishment: Creekside Garden Center
Year Business Established: 1998
Gross Revenue: $320,000 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, Conventional Mortgage
Last Updated: 10/28/2018

Overview / Comments

Retail nursery and garden store has been a viable and important part of the outlying NW Grand Rapids community for 20 years. Years of good will, expert service, quality products resulting in established patronage make this West Michigan business an excellent opportunity for a new owner. Business is booming, thanks to the owners' innovative marketing strategies in the last few years, resulting in a turnkey purchase for the lucky buyers who will have the ability to expand and take it to an even higher level. The current owners are ready to retire, but the years of hard work building the name recognition and profitability, as well as the wonderful location and growth possibilities make this a win-win for all parties. The primary business activity is retail with a growing demand for delivery and landscaping services.The sale price includes the store and its built-in components, most of the shelving, cash register, appliances, multiple heated and non-heated greenhouses with shelving and irrigation, much of the plant inventory,storage building and outdoor nursery on a 3.70 acre lot with irrigation in many different zones.

The retail store is 2296 square feet with surrounding covered porch, canopied in the back for inventory. It has a gas fireplace, large break room/kitchen with stove, refrigerator, snack bar, as well as a half bath and drinking fountains in the store area. The building has a newer roof and exterior was re-stained recently. The 5568 square foot greenhouse for annuals also has a shed/utility room. The additional 10800 square foot greenhouse is sectioned off for sun-loving perennials and shade plants. New gutters have been installed in 2013. 2 100 x 16 Quonset greenhouses are located in the rear of the store, as well as a 40 x 16 Quonset greenhouse in the back of the heated greenhouses. 2 additional unheated 960 square feet Quonset buildings house more plants during the dormant off-season.

Additional Details

Industry Segment: Nurseries and Garden Centers
Reason for Selling: Retiring. Real estate with acreage, retail building and 4 greenhouses for sale without business and inventory at $375,000. Listed separately.
Value of Inventory Included ($): $52,000
Value of Furniture, Fixtures, and Equipment ($): $45,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $375,000
Employee/Labor Description: 2-4 Part Time employees
Mgmt/Training Support Description: Owners will stay and train new buyers and offer support
Growth/Expansion Opportunities: Full service landscaping could be added as it was in 2000-2003, when even part time landscaping services added much to the sales numbers. Possibilities for full time full year sales with addition of Christmas trees, Farmer's Market, etc.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


Photograph of Listing Agent

Stephanie Dufford

Five Star Real Estate (Grandv) Not a member of CARWM
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