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.
Get More InfoBusiness Overview
| Revenue | $2,193,866 |
| Cash Flow | $166,399+ |
| Inventory | $500,000+/- |
| Year Established | 2017 |
| Seller Financing | Yes |
| Employees | 3FT 0PT |
| Asking Price | $350,000 |
Key Statistics
- Hours of Operation: Mon-Sat 10am-7pm, Sun 11am-5pm
- Employees: 3 Full Time 0 Part Time
- Year Established: 2017
- Year Acquired: 2017
- Liscence Required: Sales Tax
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $2,193,866
- Source: Seller Provided Financials
- Cash Flow: $166,399+
- Source: Seller Provided Financials
- Inventory Value: $500
Seller Financing
- Business Price: $350,000
- Down Payment: $350,000
- Monthly Payment: $TBD
- Interest Rate: 8%
- Amortization Period: 60
Location
- Monthly Rent: $8,000 (NNN Included)
- Lease Terms: Lease Expires: 2029
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.