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This business is positioned as a wholesale distribution company that is a provider packaged earn corn intended for small animal food. This operation offers a buyer a turn key business, real estate including buildings, bins and equipment/machinery.
Established in 2010, this company has identified a need in a niche market and continues to provide Midwest vendors with quality products for resell. A part of the vendor base includes regional "Big Box" vendors. The provided 2019 financial pro forma reflects income, expenses and a profitability based off historical sales and operational adjustments now in place. The operations are now "fine tuned."
The seller would also have interest in selling a house with two garages, tillable Ag land and additional equipment used for cleaning, processing and packaging most all grains. Contact the Broker for more information/pricing regarding the additional items available for purchase. Although the seller raises the crop that is processed and sold, a new buyer could contract out and purchase product, package and resell versus having to invest in Ag land and be responsible for farming the ground.
Real Property Included
The facilities are adequate for current and future operations. In 2015, an $190,000.00 capital improvement project was completed thus increasing the efficiencies of preparing the product for packaging. Also, in a separate investment, a major remodel was completed regarding the residence also offered for sale in addition to the business asking price.
There is a strong potential for growth. The seller does run into turning down sales due to selling out of inventory. Current demand is strong and the signs are very positive that the future demand will also continue to be strong. Renewing contracts for next season and gaining new contracts for new resellers is a very realistic expectation. 2019 projections are based off the same inventory as 2018. The demand for product in 2018 was greater than what the seller had on hand. Looking forward to 2019, one should ramp up inventory levels.
The market could be considered mature. The industry's growth rate is estimated to clear 7% over the next two years. A buyer can view this as a growing industry. While there are competitors in the market place, this company's foot print is expandable in the Midwest. The seller has shared that the demand for product is greater than what he currently produces.
The current owners would like to retire.
Will train for 4 weeks @ $0 cost.
Management skills and selling skills would be recommended but can be taught. Having an understanding of the commodity market would also be helpful but not required as other trusted professionals could assist in this area.
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