65 Acre Palm Tree Farm On Prime Investment Land
Location Florida,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $800000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1980
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Training Seller will provide training / transitional support for 2 - 4 weeks at no additional charge.
Reason for Sale Seller has to sell due to health reasons.
Description This opportunity includes a 65 acre palm tree farm for sale,located just south of St. Petersburg, FL. This real estate is surrounded by new development, including new residential communities, new community college and new high school, with plans to create a 10 acre park adjacent to this property. There are also plans for a major intersection crossing through and adjacent to this property, which will allow for rezoning of the corners for commercial development too.
The property is planted with thousands of palm trees with a current market value estimated around $1M, which is perpetually maintained with replacement palms as they are sold. This opportunity includes an ongoing business selling, installing, removing and trimming trees for the surrounding area for over 30 years. The business has a loyal customer base, which includes annual buyers from out of state. The business has consistently generated revenues in the range of $1.5M/year, and despite the economic downturn, is still consistently generating $60,000 - $70,000/month in revenues ($800,000/year).
The seller realizes that this real estate will be worth substantially more in 3-5 years, but unfortunately for health reasons, he must sell the business/real estate. This is an excellent real estate investment that will generate $200,000/year of net income until the property can be resold to developers. We can review the site map with any potential buyers to clarify all of the recent and planed development. The sale price includes the 65 acres of real estate, on-site home/office, $1M in inventory, on-going business and assets (vehicles/equipment). Asking price: $1,750,000. FF&E: $100,000. Inventory: $1,000,000. For additional information, contact Landscape Depot Investments by emailing or calling (561) 514-1122.
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