Profitable Hydroponic Retail Store

Michigan (Calhoun)

  • Asking Price: $2,400,000
  • Gross Income: $2,892,138
  • Cash Flow: $519,743
  • Real Estate: $300,000
  • Inventory: $700,000
  • FF&E: $80,000
  • Listing ID: #196691
  • Established: 2011
  • Employees: 3 FT/ 3 PT

Business Description

This established Hydroponic Supply is growing rapidly & is known for friendly service, large selection, competitive prices & superior product knowledge. With years of experience, we have developed a reputation for distributing affordable & quality Hydroponic equipment. The company supplies a wide variety of products such as lighting equipment, fertilizers, electrical accessories, water pumps and plant nutrients. Due to positive developments in the Hydroponics industry, there is substantial opportunity for further development and or expansion. With a brick and mortar and a new online store in development (completed prior to sale) included together in this sale profits will continue to rise.

Business Details

Primary Business Category: Retail Trade - Building Material, Hardware & Garden
Location: Michigan
County: Calhoun

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 3 PT

Financial Information

Asking Price: $2,400,000
Gross Revenue: $2,892,138
Cash Flow: $519,743
FF&E: $80,000
Inventory: $700,000
Real Estate: $300,000
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Sales have grown drastically over the last 6 years. Sales have been doubling and tripling every year and continuing to grow. We are beginning to exercise untapped streams of income, such as online sales. We are developing our online market space and have set forth a plan and model to increase sales by 3-5 million over the next 2 years. This industry has grown at such a high rate of speed, with adapting the historical trends states with older states we have grown into one of the largest, most profitable stores in the state. We have marketed the store after Cabelas / Bass Pro Shop. Studies showed that people wanted an experience and to see displays on the equipment they were purchasing in a clean and professional environment. We also model our sales after education and treating every client as a business owner. Most clients run their operations like a farm. They watch their bottom line and care that we are concerned about their bottom line as well.

Reason for selling:

Career Change.

Support & Training:

Will train for 4 weeks @ no cost.

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Business Listed By:

Russell Cohen

Murphy Business Brokers