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Riedel's Garden Center, Kansas
Property Types: Homes, Commercial
$2,850,000 / 4.70 Acres / Available
Activities & Amenities
Hayden Outdoors Real Estate is proud to announce the sale of Riedel’s Garden Center (RGC) in Hays, Kansas. RGC operates a store that sells lawn and garden products as well as nursery stock. They also provide lawn maintenance, landscaping services, lawn irrigation services and snow removal services. Established in 1970 and owned by the Riedel family since 1992, this business is very well-known around the area. It has always had a tremendous reputation for providing excellent craftsmanship and customer service to Hays and the surrounding towns.
RGC is located at 1358 Highway 40, just west of Hays. This property is 4.7 acres and includes the following buildings and amenities:
Office and Retail Areas.
Nursery Stock Lattice Structure.
40x40 Equipment Shop. Insulated and Heated, Concrete Floor, 2 Automatic Doors.
40x100 Warehouse. Concrete Floor and Electricity.
2 Lean-To Sheds.
Circle Drive Display with Waterfall.
3 Water Wells.
5 bedroom house (2056 sq ft). Rent income is $1000/month.
Apartment building (2924 sq ft) with (4) - 2 bedroom/2 bathroom apartments. Rent income is $2000/month.
The commercial real estate for this property has been valued at $1.43 million, that amount includes the land and all of the buildings.
This business is completely turn-key. The new owner can start making money right away. All of the equipment, including skid steers, tractors, trencher, mowers, vehicles, trailers, tools, etc., will sell with the business. Most of the equipment is either brand new or fairly new and everything is in very good, clean condition. With that being said, the new buyer would not have to make any purchases or upgrades for quite some time if they chose not to. The equipment, vehicles and tools have been estimated to be worth around $575,000. A current list of these assets can be provided to qualified buyers.
This property is located only minutes from the campus of Fort Hays State University. The university has proved to be a tremendous asset to RGC, not only because of the labor force from college students but the rapid growth of the university has required the construction of new buildings, many of which have been landscaped by Riedel’s. The majority of Riedel’s work comes from commercial businesses in Hays.
Year to year, RGC continues to show tremendous profit growth. The ROI (net income divided by cost of investment) is over 10% on this business. Financial information and tax records can be provided to qualified buyers upon request. Work is steady all year long, even in the winter months. The phone calls and job requests continue to pour in for 2020. According to the owner, many potential jobs are turned down due to the current volume of work. With the right ownership and management the keys for success are at your fingertips. The future is definitely bright for this thriving turn-key business in Hays, Kansas. If you have any questions regarding this outstanding business opportunity please give me a call today!