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36928D- Bulk Feed & Grain Storage Services of IA

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Iowa   |   Food and Beverage  – Agricultural Production   |   Retail Stores  – Other Retail Stores   |   Businesses for Sale Between $1M and $5M

Asking Price:
$2,800,000
Gross Revenue:
$7,300,000
Cash Flow:
$897,790
Inventory:
$200,000
not included in asking price

FF&E:
$552,000
included in asking price

Real Estate:
$600,000
included in asking price

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Business Description

In this listing we describe a quality animal feed company in the heart Iowa's corn belt. They are a major grain buyer in the area, selecting quality grains for resale to farmers in the state. Their products additionally include a variety of high-caliber feeds for swine, cattle, poultry and sheep, available in bulk and at competitive retail prices. They also offer corn drying and grain storage services, making the company a multifaceted asset to this agricultural community. For years this company has been serving its community with integrity and reliability, and it will continue to do so for years to come.
This business was first established in 1930 and has thrived throughout the continuous rise and fall of the economy. With decades of service, the business has earned the strongly rooted reputation it holds and generations of return customers. Providing essential products, needed even in recession times, this business continues to grow and improve the quality of its products and services. The current owner is selling in order to retire and would like the sell the business to a qualified buyer with interest in this industry. This business is very profitable and, considering the enormous growth potential, is a promising investment for a new owner. For more details on this listing, please contact our offices today!

About the Business

Year Established:
1930
Number of Employees:
6
Facilities:
The business currently operates out of a location with two buildings owned by the business. The buildings, 3200 sq ft and 3780 sq ft, are in good condition and are in front of a highly trafficked city street. The facilities are included in the sale and offer room for expansion. For more details on the location inquire with our offices.
Market Outlook/
Competition:
Taking advantage of some of the land available in the area for constructing additional grain bins would prove profitable for this business. This is one of the many options for expanding the company and increasing profits which would be relatively easily achieved. With 99% return rate, The industry is competitive in this area, and this business's services are chosen by farmers in the area for several reasons. Their quality of feed is exceptional, their prices are fair and their services are trustworthy. The company has been in the feed business for over eight decades giving them access to generations of clients and extensive knowledge in this industry.

About the Sale

Training/Support:
Key employees will most likely not stay on after the sale. The owners will be available for a reasonable transitioning period. All equipment, vehicles and property is included in the sale.
Cash Flow Comments:
EBITDA: $665,000
Seller Financing:
a small amount is considerable for a serious buyer.

Listing Info

BizQuest Listing ID:
1143571
Ad Detail Views:
1078

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Business Listed by
Jason Hullender
IAG

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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.