Description
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.
Detailed Information:
Business & Real Estate Price: $2,100,000
Revenues: $920,000
Sellers Discretionary Income: $240,000
Furniture, Fixtures & Equipment: $148,000 Estimate (included)
Inventory: TBD
Facilities: 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.
Competition & Growth: 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. Garden Center specific opportunities listed in the confidential package. Significant real estate development opportunities based on zoning and approvals.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Retirement
To learn more about this business, please complete the attached NDA and email to us at info@FirstStreetbb.com.
