Brown’s Nursery

Evesham

£60,000

Young plant business for Sale
Annual Turnover between £300,000-£400,000 pa
Full range of hardy perennial varieties available, much produced by micropropagation
Asking price £60,000 plus VAT
Plus stock in trade at wholesale price

DETAILS  

LOCATION
Currently, the business is based at Brown's Nursery, Gibbs Lane, Offenham, Evesham, Worcestershire WR11 8RR, it is envisaged that the business will move to a new site upon completion of a sale.

DESCRIPTION
Just Must Perennials is a specialist hardy perennial plant sourcing business whose primary aim is to produce new varieties for the horticulture trade. It uses a mixture of traditional propagation methods and micropropagaiton facilities to bulk up new varieties relatively quickly with the view to supplying young plants capable of being grown on to finished plants in a relatively short time scale.
Bob Brown is well known within the industry and has for many years acted as a plant finder, introducing new varieties to the trade. The business is well established having traded from it's current location for in excess of 20 years. The business currently offers a range of 400 species and varieties of hardy perennials and has a well established client base. The business sources plant material from a number of plant propagators who are located in Belgium, Netherlands, Ireland, South Africa and the UK.
The business is transferable to a new site and would ideally sit alongside an established young plant supplier in order to make use of their existing distribution system.
The reason for sale is 3 fold.
Firstly Mr Bob Brown is considering retirement he would be willing to carry on acting as a plant finder and introducer for the new purchaser should that service be required.
Secondly the business has been affected by the strength of the Euro to Pound exchange rate.
Thirdly the business needs to increase its gross margin percentage hopefully by trimming costs, given the changes that have taken place over the last year politically.
It is thought that a sale would be expedient to introduce the range of hardy perennials into a company with a stream lined more efficient distribution system. It is for these reasons that the business is now offered for sale.
Asking price, offers on £100,000 plus stock in trade at wholesale price.
The purchaser and vendor will enter in to an intellectual property agreement whereby all rights to genetic plant material, intellectual property, and marketing material will be transferred to the new owner.

TERMS
The business will be transferred after completion of the sale contract.

OUTGOINGS
Accounts - We have had sight of unaudited financial statements and management accounts for the years ending 31st December 2014-2016. The relevant information is set out below: further financial information can be made available to seriously interested parties.

VAT
Just Must Perennials is a VAT registered business

LEGAL COSTS
Each party will be responsible for their own legal costs associated with drafting of a legal contract.

SERVICE CHARGE
Completion Sate: By mutual arrangement, ideally to fit in with the growing seasons.

VIEWING
In the first instance, please contact Tony Rowland on 01386 765700 or mobile 07787125909
Email trowland@sheldonbosleyknight.co.uk