For Sale! Midwest Ag Manufacturing
Sep 16, 2022 9:44 pm
We are really excited about this company! We've worked with them for nearly three years now and they've decided it's time to put their business on the market. It's begun a huge growth cycle that has at least a few years left of strong, dynamic growth.
This company has been pre-qualified by a local bank for SBA financing, and there is a nice chunk of prime real estate included! We don't expect this listing to last long.
Wholesale Seed Processor
Asking Price:$2,500,000
Cash Flow:$ 650,599
Gross Revenue:$2,315,000
FF&E:$ 401,909 (Included)
Inventory:$1,195,865 (Included)
Real Estate:$ 900,000 (Included)
Employees:8
The 40-year-old company produces custom agricultural products. These metal products are state-of-the-art and known for their strength and utility. The business operates a modern machine shop. The name is known across the Midwest. The owner is willing to stay on as an engineering and design consultant for a year or more if needed.
Facilities
New equipment has been purchased over the last couple years. Shop is fully air-conditioned with a security system inside and out. Currently at 70% capacity and could take on more work if labor was available.
Competition/Industry
There is no true competition in the area making a similar product of the same quality. Further, there are several aspects of the products being produced that are proprietary and completely customized for the end-user.
Sales & Marketing
This business has the ability to expand if a larger sales team would be put in place with expansion available onsite.
Potential for Growth
The Company is also a distributor for several brands in the industry. A proficient sales team could grow this aspect of the business without having to employ more manufacturing labor.
Reason for Selling
Retirement. The owner is willing to stay on for a year + if needed.
As always, I'm looking forward to hearing from you soon!
Happy Friday,
Josh
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JOSH GRODE WOLTERS, MA, MBA, BTS
Business Broker | M&A Advisor
· $23M closed transactions ·
Sioux Falls • Rapid City • Des Moines
2121 W 63rd Pl, Suite 100
Sioux Falls, SD 57108