• Buying the Neighborhood Nursery (with $800k in Earnings)

  • Sep 16 2024
  • Length: 1 hr and 33 mins
  • Podcast

Buying the Neighborhood Nursery (with $800k in Earnings)

  • Summary

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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:

    • Twitter
    • LinkedIn
    • rory@spnursery.com
    • South Pleasantburg Nursery

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