Business Overview:
The March Group currently represents a well-established and profitable manufacturer and distributor of a variety of mixer wagons used for livestock feeding for customers throughout the upper Midwest and Canada. Founded in 1971, the Company is poised to achieve $2.1 million in revenue and $492,000 in EBITDA in FY 2009. A corporate Web site provides detailed information regarding the Company, its products and services, and contact information. The customer base is composed primarily of distributors who sell to farms located throughout the upper Midwest, and to a lesser extent, Canada. An impressive product portfolio and diverse customer base result in an estimated 95 percent rate of repeat business and helps ensure continuity of the Company’s operations. The Company leases a 23,420 square-foot manufacturing facility from the shareholders at the fair market annual rate of $30,000. This facility will be sufficient to support proforma growth projections. The owners are committed to remaining with the Company for an agreed upon period following a sale to help the Company realize its proforma objectives.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
A 23,420 square-foot manufacturing facility is comprised of office space (1,200 square feet), manufacturing space (13,680 square feet), and storage space (8,540 square feet). The Company leases the facility from the Company shareholders at the fair market rate. The owners are open to selling this facility and believe it will be sufficient to support the growth that is forecast through 2013.
Market Competition and Expansion:
Historically, the Company has relied primarily on repeat business and customer referrals to attract new business to expand its customer base. In addition, the plant manager also serves as an internal salesperson. The Company also attends various trade shows, fairs, and conferences to supplement its marketing efforts.
Growth to date is also the result of the creation and maintenance of excellent relationships with numerous distributors and end users. Moreover, the primary owner has been instrumental in building the Company’s account base and financial strength through his extensive industry experience and product knowledge. The owners believe that the Company’s high level of service plays a key role in attracting new accounts, as well as in preserving and growing existing accounts. Management believes that an investor would enable the Company to pursue many additional avenues for growth. An increase in capital, combined with the Company’s existing infrastructure, supplier and client base, and extensive industry expertise would allow for expansion of its current facilities or add a second shift to increase production.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.