Location: Danville, Kentucky, United States
Industry: Other
Yearly cash flow: $400,000
Revenue: $600,000
Real estate value: $750,000(Included in Asking Price)
Fixed asset value: $400,000(Included in Asking Price)
Inventory value: $350,000(Included in Asking Price)
Financing for buyers: Yes
Year Established: 1978
Employees: 6
Home based: No
Re locatable: No
Startup business: No
Loan desired: Yes
Investment desired:
This beautifully and efficiently designed Nursery/Gardening Center includes 7.927 acres and includes a large self-sustaining pond for watering, natural habitat to balance horticulture environment, and sophisticated irrigation system throughout. The Nursery is strategically located in the relaxed rural southern setting of Boyle County, Kentucky, near the historic city of Danville. The main facility provides nearly 320’ road frontage with substantial, convenient parking for 30+ vehicles. The physical address is 3435 Alum Springs Road, Danville, Kentucky 40422. The compound of ornamentals, trees, flowers and plants is laid out in order to provide a relaxing, slow-paced shopping experience to enjoy the scenery and allow the shopper to acquire more purchases. This location has been familiar to the communities of central Kentucky for 30+ years. The store is located on KY Highway 300, known as Alum Springs Road approximately 3.9 miles southeast of US 150 Danville By Pass; close to the city yet away from the fast-paced shopping and business traffic. Griffith Nursery is family owned and is located on 7.9 acres but does not include the adjacent home. The home may be considered in any serious offer with the Nursery but only in the terms of buyer receiving “right of first refusal to purchase,” in the future at this time. The home is located adjacent to the back of the Nursery on separate 3.758 acres and has deeded access around the Nursery for convenience. At this time, the owner needs to reside in the home to make arrangements as he scales down his personal property and plans his retirement activities. Most likely the home will become available at some time in the not so distant future, per Mr. Griffith. The Nursery contains three permanent structures and one large metal maintenance and storage garage. There are numerous greenhouses (13 professionally built) throughout the nursery and changes as the seasons change. These are all irrigated via complex PVC plumbing and heated with propane gas by sophisticated thermostatic control wired and grounded. The primary reason for the sale is simply to retire and enjoy family time after a rewarding and successful business career. Griffith Nursery is very profitable and is a cash business that offers a new owner a proven large return on investment. Yet the best return is now ready to begin! The return of and on investment depends upon continued diligent management, dedication and love of the industry and genuine personal service. The profit margin is large due primarily to cost efficiencies, and the fact that most all plants/inventory are started and grown at the Nursery; some have taken 10-15 years of nurturing to reach this level of maturity ready for the market. The great process here is that each year the process begins and continues to maintain a very low cost inventory production, i.e., seeds for pennies, and as plants mature annually they sell retail for high dollars! The inventory is at its best level since the inception of the Nursery and is primed to offer a new owner maximum return for the years of nurturing, growing, and maturing of a highly valuable product and growing market.
Business location: Central Kentucky Bluegrass
Business competition: minimum to none at this level
Business opportunities: To add contract landscaping services using current mature plants currently does not offer, wishes to retire
Financing terms: some seller financing up to $250,000 5-7 years defer some interest, and consider balloon after 3 yrs
Support and training: owner will stay up to 6 months with full price any less, must pay as mgr/ employee
Reason to sell: Retiring after 30 successful years!
Attachments: Download Additional Information Document [Doc]
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