Alexander Mackie to sell in-administration garden centre Cherry Hill Nurseries

Alexander Mackie Associates has received instructions from joint administrative receivers Tim Dolder and Paul Whitwam of Milton Keynes-based Tenon Recovery to secure a buyer for Cherry Hill Nurseries.

The nursery, trading as Cherry Hill Nurseries & Garden Centre, is located on the B1365 in Hemlington, Middlesbrough.

The freehold 1.5ha garden centre, nursery and coffee shop/cafe is run by three sisters, including two active partners Janet Summers and Judy Livingstone.

Sales fell from £804,000 in 2008 to £600,000 this year. The centre is averaging 40% gross profit but showing "operational net losses".

An Alexander Mackie representative said the centre needed updating and it has been hit by competition from nearby Arcadia and Klondyke centres.

He added that there were "enormous possibilities under progressive new owners".

The centre has a 1,579sq m heated glasshouse. It has unused planning consents in position to add a further 600sq m of retail sales area.


Offers for £600,000 plus stock are invited.

The Alexander Mackie representative added that interest in buying garden centres has risen over the past two months, with several parties after centres on his books, in contrast to this time last year.

Subscribe to Horticulture Week for more news, more in-depth features and more technical and market info.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Will peat use be taxed or banned?

Will peat use be taxed or banned?

The Government has made strong statements on peat reduction in its new 25-year environment plan, published in January.

Papaver

Papaver

These compact, brightly coloured flowers can be very attractive for impulse sales, notes Miranda Kimberley.

How garden centres can reposition themselves after MPs call for 'latte levy' on coffee cups

How garden centres can reposition themselves after MPs call for 'latte levy' on coffee cups

Garden centres could show they are the "major force in green retail" by backing calls for the Government to introduce a 25p latte levy on disposable coffee cups and for all coffee cups to be recycled by 2023.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles