Plant Nursery/Garden Centre in Australian Outback

5 days ago

Location:
Mount Isa City 4825 > Regional QLD > Queensland

Investment level:
$795,000 (Negotiable) + SAV

Type:
Business

Industry:
Miscellaneous > Green & Eco friendly

Private Seller

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Summary

Profitable garden centre in booming mineral resource area. No specialist knowledge needed. Present owners will train buyers after handover. Ideal business for family group or partnership.

Revenue

$900,000 pa

Expenses

$650,000 pa

Net Profit

$250,000 pa

Location Details

155 West Street, Mount Isa QLD 4825
Located in a commercial residential zone 3 minutes from Mount Isa CBD. Ample onsite undercover parking provided.

Potential

Many opportunities exist to build the business from its highly successful retail base into a busy retail and services centred "one stop shop". The main retail areas are plants and irrigation. Growth areas are: Garden design, planning and assessment, comprehensive garden maintenance service - renovation, weeding, pruning, fertilisation, tidy and display for sale. Irrigation installation, troubleshooting, repair and maintenance.
These extra services would be lucrative as supplies from the retail business would be utilised and value added.

Skills

Present owners pledge one month of training in all areas of the business. Buyers do not need horticultual qualifications but need be ready to gain an understanding of basic plant care, irrigation systems and garden chemicals. All information about plant selection and special local conditions will be provided. Important characteristics are self motivation, attention to detail, a "can do" attitude and the ability to work consistently and effectively.

Hours

Currently the business is open 7 days - 8am to 6pm & all public holidays except Christmas period.

Lease

The business is being offered freehold.

Employees

Presently two full time (owners) and one casual when needed.

Reason for Sale

The only reason for sale is that the present owners wish to retire after 42 years of operating various small businesses including this one over the past 15 years. If they were younger they would stay! The business is in a very good state and is set to take advantage of the upturn in the mining and resource industry. New mines are being developed in areas very close to Mount Isa and housing prices are rising - all excellent signs for future prosperity.

About the Business

Products: Plants are about 50% of the revenue content. A wide range of plants are stocked from seedling punnets to large advanced trees. All plants are chosen to suit the outback climate and the range changes according to the season. Stocked items associated with the plant stock are: Pots and planters, potting mixes, fertilisers and soil improvers, mulches, chemicals to treat pests and diseases.

Domestic irrigation supplies are about 35% of the revenue content. All fittings used in fully automatic and manual irrigation systems are stocked. A wide range of stand alone sprinklers and other watering devices are also stocked.

Other stocked items are: Herbicides, garden ornaments, statues, giftlines, garden tools, flower, herb, veggie and grass seeds, garden carts and fertiliser spreaders, wheelbarrows, compost makers and worm farms (live worms in season) plus additional garden accesories too many to name.

The catchment area for the business is large - basically any town, farm, or settlement within a 500 km radius of Mount Isa - Customers are diverse - families, backyard veggie gardeners, local businesses, corporations (including the many mining companies in the region), Mount Isa City Coucil and other regional councils, schools, government departments, cattle stations and Indigenous communities.

The business is unique: It is the only large comprehensive garden centre in North West Queensland. There would be a large capital expense involved in developing a new horticulure based business in the region and it is unlikely that one will be developed. The competing plant outlets in the area are: Bunnings Mount Isa (small format store) which stocks a very small range of plants and one Mount Isa backyard business which sells plants but is mainly an aquaruim and tropical pet fish retailer.

The business is also reasonably immune from online shopping. Many garden supplies are either very large or heavy and are not ideal for online purchase as the freight component is high. Plants that are transported in closed packages in the post or by courier often are damaged in transit or are dead on arrival, especailly in hot weather. These problems encourage gardeners to buy locally.

Garden advice is offered free and many people take advantage of this service. Both budding and experienced gardeners are in need of good garden advice particularly if they are new to outback conditions.

This business has supported families in a pleasant and interesting environment for 50 years and is certainly able to do so into the future.

History

The business has been open for 50 odd years - there have been two owners, the founding family for 35 years and the present owners for the past 15 years. The founders built the business from a base of growing plant stock onsite and operating quite a busy garden services component. The original partners sold in order to retire. Under the care of the present owners sales have more than doubled and extensive grounds and building renovations have been completed. There is now room to develop the businesss into the services area once again.

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