Garden Center on over 12 Acres, Ideal Target for Potential Development

Business Opportunity for Sale
Catylist Listing ID: 30872991
Property Subtypes: Home and Garden
Building Size (RSF): 12,256 SF
Sale Price: $2,100,000
Year Business Established: 1991
Gross Revenue: $920,000 (Annual)
Cash Flow: $242,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Asking Price for Business and Real Estate including all FF&E and excludes receivables and cash is $2,100,000. Inventory is in addition.
Last Updated: 6/24/2024

Overview / Comments

Garden Center with prime real estate development potential based on zoning and approval. Green Mountain Transplants, Inc. has been operating in Arundel / Kennebunkport area since 2003. Green Mountain cultivates healthy plants and an informed gardening community, sharing the benefits of the bond between people and plants. The shop, staff, and the products and plants offered provide a unique serene shopping experience for customers. 

The store and greenhouses are located on a high traffic area of Route 111 (Alfred Road) in Arundel, ME just a short distance from Route 95.  The property consists of 12.11+/- acres of land with a 12,256 +/- store boasting a large glass front and three receiving bay doors in the rear for deliveries and shipping.  Adjacent to the store are six greenhouses totaling over 20,480+/-SF of glass or plastic covered spaces and an additional 10,688 +/- of paved or patio areas. Also, on the property is a permitted 576+/- SF residence which includes a Kitchen, Bathroom, and a Bedroom\Living area excellent for an owner’s quarters or a manager\caretaker.  Due to the size of the parcel, it is an ideal target for further expansion or development based on zoning and approvals.

An NDA is required to receive the financials on the business.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Industry Segment: Nurseries and Garden Centers
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $148,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: The property is located on Rt 111 just minutes from Rt 95 between Portsmouth NH and Portland ME. It is near shopping areas and restaurants. The property consists of 12.11+/- acres of land. 12,256 +/- store boasting a large glass front and 3 receiving bay doors in the rear for deliveries and shipping. Six greenhouses totaling over 20,480+/-SF of glass or plastic covered spaces. 10,688 +/- of paved or patio areas. A permitted 576+/- SF residence which includes a Kitchen, Bathroom, and a Bedroom\Living area. Zoning Commercial with a permitted residential.
Mgmt/Training Support Description: Owners willing to assist in transition.
Competition/Market Description: The market is primarily the Arundel / Kennebunk area which includes the surrounding towns. A number of customers will come from outlying areas such as Portland or Kittery due to the locally grown plant material and unique products not available in big box stores. The customer base is primarily individual consumers.
Growth/Expansion Opportunities: Garden Center specific opportunities listed in the confidential package. Significant real estate development opportunities based on zoning and approvals.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,428 11,722 39,284
Median Age: 39.89 42.25 41.41
Households: 907 4,614 16,505
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