BANK Financed Forty Acre Fernery

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Asking Price:
$2,480,000

Gross Revenue:
$1,055,600
Cash Flow:
$422,000
EBITDA:
$422,000
Inventory:
$5,000
included in asking price

FF&E:
$106,000
included in asking price

Real Estate:
$1,860,000
included in asking price

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Business Description

This business offers you the opportunity to maintain a reliable year round income without having to invest an excessive amount of hours per day. Provide your crop with water when needed through in place irrigation system as well as fertilization, and any other requirements delivered through the same irrigation system.

Currently operating at nearly full capacity as indicated, and as needed and required by the year round demand; Sellers will show buyer how to plan for major holiday's sales and cut throughout the year and all aspects of growing and operations. Sellers are of retirement age and wish to get on with the next phase of their lives. Call or email for your NDA and/or other requirements and for a meeting for further information on this offer to see how this can be a great fit for you.
Bank Financing is available for Qualified Buyer; ask listing agent for current bank requirements. Standard down pmt 25% to 35%, possibly 15% to 25%. Ask listing agent about this and for the NDA.

About the Business

Year Established:
1998
Number of Employees:
08 to 17
Real Estate:
Owned
Building Sq. Ft.:
2,640
Facilities:
Bank Financing is available for this beautiful forty acre fernery in sunny Central Florida; has a main house of around 2280sf and a single rental property as well. Also there is a large packing and distribution center with a capacity to cover all needs of the on property production plus that equal to several times that amount from other local growers. All equipment is in great shape used by a longstanding w2 employee work force.
Market Outlook/
Competition:
There is some competition for this fern since Florida is one of the few states that has any significant amount of its production. There has been a long term relationship developed with distributors, you can sell to them, or wholesalers, or sell to retailers, it is up to you.
Growth & Expansion:
Currently there is 24 acres under cloth; and, the configuration of land use would lend itself to adding 8 to 12 additional acres; plus there is a local farm available where additional acres of fern can be leased.
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About the Sale

Reason For Selling:
You should ask this of the Sellers;
Training/Support:
Although not a difficult crop to bring to harvest and market; each season brings its particular requirements for continued growth and success. Sellers are willing to fully train the Buyers in all the ins and outs of the business.
Cash Flow Comments:
EBITDA: $188,000
Seller Financing:
Bank financing with reqired DwnPmt

Listing Info

ID:
1074174
Ad Detail Views:
6064

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Business Listed by

John Price

John Price Broker & Associates
License# BK3007512

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