6614 Katchmar Road
Lone Butte Cariboo
Retail / Wholesale
This fantastic property and business is situated on a quiet 5 acres in Lone Butte, BC, near 100 Mile House and Horse Lake. The sale will include all shares of Horse Lake Garden Centre Ltd, all operational assets, and a beautiful 3600 sq. ft., newly renovated 5 bed, 3 bath country style home - the owner is an interior designer. A must see!
Horse Lake Garden Centre Ltd. has been in operation since 2010 and is the largest greenhouse operation in the Cariboo. Since inception, Horse Lake Garden Centre has seen steady sales growth, more than doubling since 2010. 2017 is tracking for another record sales year.
The operation has a total of nine greenhouses under 26,000 sqft of plastic and a 2,500 sqft retail store that sells tools, gardening equipment, gardening accessories, soils, pots, interior decor, jewelry, gifts and other outdoor living items. All greenhouses are independently heated, watered, temp controlled and alarmed. There is a large shop on site for storage and vehicles. The property has a drilled well and additional holding tanks for watering plants.
The customer base is divided between retail, commercial and wholesale customers coming from Williams Lake, The Yellow Head corridor (Little Fort area), Interlakes (Bridge Lake & Sheridan Lake area), Clinton, 100 Mile House and 108 Mile. Horse Lake Garden Centre has many commercial accounts; Town of 100 Mile, Town of Clinton, City of Williams Lake, golf courses, 100Mile High School, Century Hardware, Motels, & more.
The seller has agreed to assist the incoming buyer with 4 to 8 weeks of operational training and will also be available for consultation after the operational training completes.
Gross Revenues for 2017 $490,370
Adjusted Net Income for 2016* (See Notes) $139,249 *
Included in Sale
Home & Land $495,000
Retail Store (Building) $281,250
Furniture, Fixtures & Equipment Included in Company $83,998
Other operational Furniture, Fixtures & Equipment $140,394
Inventory Included in Purchase Price Negotiable
Other Net Working Capital $15,000
Goodwill $ 129,358
Purchase Price $1,145,000
Years Operated by Current Owner 8 Years
Land Size – Free Title approx. 5 Acres
Residence 3600 Sq Ft home (5 Bed, 3 Bath)
Number of Employees Ranges 2 to 12 depending on season
Days & Hours of Operation 6 days a week