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 the doubling since 2010. A certified appraisal has been completed valuing the business and property at $1,214,200.
$584,000 Going Concern Appraisal Report of Horse Lake Garden Centre Ltd. & $630,200 Appraisal Report of the Greenhouse/Nursery Operation.
Financing as a first charge/mortgage of up to $700,000 OAC potentially available to a qualified buyer. Remainder financing via VTB (Vendor Take Back financing) available, if required. Seller agrees to provide buyer up to $400,000 of Vendor financing by way of 5 year interest only promissory note. Promissory note to be secured against assets of property & business, buyer personal guarantee, and / or general security agreement agreeable to both parties. Interest rate applied to promissory note will be negotiated at the time an offer is made. INVENTORY - Seller agrees to include $50,000 worth of usable inventory in the $1,099,000 price.
The sale will include all shares of Horse Lake Garden Centre Ltd., and operational assets, as well as the idyllic five acres and updated country style home. This fantastic property and business is situated on a quiet and landscaped five acres in Lone Butte, BC, near 100 Mile House and Horse Lake. Included is a beautifully renovated 3,600 SF house that has five bedrooms, three bedrooms, and warm, inviting country style updates throughout.
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