Buying the Neighborhood Nursery (with $800k in Earnings)
Update: 2024-09-16
Description
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Rory Tyer bought the nursery where he'd been a loyal customer. Today it generates not just cash for him, but peace.
Topics in Rory’s interview:
- Searching by driving around
- Advantage of buying in a high-growth area
- Buying a business his kids would be proud of
- Getting a “screaming deal” on a garden center
- Negotiating an unlisted deal
- Explaining deal structure to a seller
- Challenges of staffing a business with seasonality
- Decision to stay closed on Sundays
- Insurance costs tripling after acquisition
- Gardening as the antidote to screen fatigue
References and how to contact Rory:
- rory@spnursery.com
- South Pleasantburg Nursery
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