Green Thumb is a year-round, full-service nursery and greenhouse – a community centerpiece – located in the heart of Rockport, Maine .
Green Thumb sells an incredible variety of plants, flowers, and seasonal décor, lovingly grown in their 10+ greenhouses. In addition, they provide all of the fertilizers, tools, & advice a budding green thumb would need to succeed.
Operated since 1975, Green Thumb sold to an avid community of horticulturalists, arborists, and home-grown gardeners. After 35 years of growing a successful company, retirement beckoned, and they began to look for a successor. One of the employees had demonstrated a natural affinity for the atmosphere and an understanding of the business, having progressed from a basic position as a laborer earning additional responsibilities up to his appointment as general manager. He was young, however, and in the eyes of the financial market, inexperienced. Additionally, the real estate market would not support the true collateral of the business, with the expansive greenhouses considered to be tear-down structures.
With a robust financial model based on the history of the business, Point to Point was able to demonstrate that the business could carry the debt necessary, as well as exploring the various non-real estate assets to prove out additional collateral where needed. An in-depth projections process provided monthly check-in opportunities for the lender to gain additional confidence, as well as providing a goal for the new owner. Through this process, he has become a successful business owner, running Green Thumb with a true understanding of the financial ebb and flow of a seasonal business.
- Financial Management & Strategic Planning
- Financial Modeling & Monitoring
- Loan Packaging, Refinancing, & Negotiation
- Exit Planning
- Property Purchases