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Established Hydroponics Store

Oakland County, MI, USA
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Businesses For Sale | Nurseries, Garden Centers & Hydroponic Stores For Sale

Listing ID : 429346

Posted on April 18, 2024 View Count 4

Price :
$350,000
Business Financials & Assets :
Gross Revenue:
$2,193,866
Cash Flow:
$166,399
Year Established:
2017
Inventory Included:
No
Estimated Value of Inventory:
$500,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Property Details :
Business Details :
Number of Employees:
3
Absentee Owner:
No
Business Can Be Moved:
Yes
License Included:
Yes
Real Estate:
Leased
Rent:
$8,000
Type of Lease:
Triple Net Lease (NNN Lease)
Building Size:
9,000 Sq. Ft.
Terms :
NDA Required:
Yes
Broker Co-Op:
No
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Our firm presents a well-established and successful hydroponics store. This store is situated in an extremely busy area of Oakland County, surrounded by numerous residential homes. With over 7 years in operation, it has hundreds of 5-star online reviews, commending its exceptional customer service and competitive pricing.

Known for its extensive selection of items not commonly found elsewhere, this store caters to the needs of its customers. It offers rental equipment for home growers and serves as a comprehensive one-stop shop, providing everything from lights and purifiers to specialized nutrients and grow tents.
The seller, with many years of experience in the industry, is now ready to shift focus to other business interests, prompting the decision to list this location for sale. Despite the fluctuations caused by COVID-19, 2023 sales have stabilized at $2.1+ million, showing a return to pre-pandemic levels. The seller is open to financing the current inventory, valued at approximately $500,000. The business is priced at $350,000 plus the $500,000 +/- of inventory.

This business has a huge opportunity for growth. A new owner could explore partnerships with local growers or facilities to meet all their growing needs and delivering it directly to them. Additionally, creative marketing strategies tailored to the local community could attract new customers, as well as expanding the equipment rental part of the business will grow sales.

Contact us today to discover more about this turnkey business opportunity.

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