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Business For Sale
THRIVING AGRICULTURAL PRODUCER
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Food & Beverage: Producers, Bakery, Farms
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Year Established:
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1990 |
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# of Employees:
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60 |
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Yearly Revenues:
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$28,700,000 |
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Yearly Net Profit:
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$5,700,000 |
Business for Sale Overview:
The March Group, LLC currently represents a long-running and highly successful agri-business, boasting 15,000 acres under cultivation and lucrative contracts with one of the most prominent food processors in the world. With EBITDA margins upward of 20 percent on revenues in the range of $28 million, and exciting prospects for continued success into the future, the Company is a prime target for an investor. Principally a potato production operation (91% of sales in 2006); the balance of revenue is generated by custom farming services (7%) and sales of specialty crops to local food processors (2%). Engages in two-to-five year fixed price contracts with its main customer. Gross revenue per acre averages between $3,500 and $3,900, versus an industry average of only $2,000. Well-run operation counts on an established and effective management team that oversees a year-round, full-time staff of 60 plus 50 seasonal production employees. The active principals would be willing to remain at least for an extended transition period. In full compliance with local, state, and federal EPA, OSHA, EEOC, and Department of Labor regulations, as confirmed by a recent audit.
Property Features and Assets:
Farms a combined 15,000 acres located across a number of counties, which mitigates the risk associated with regional variability of volatile weather. Land is irrigated from a water table that is under very little threat of depletion. Properties feature continuously monitored, temperature-controlled storage facilities.
Market Competition and Expansion:
For a strategic buyer, the Company offers an excellent diversification opportunity into an agricultural environment with few urbanization, weather or water resource threats. For a financial buyer, the Company offers strong growth opportunities that can be readily tapped or a strong steady cash flow portfolio addition through maintenance of their existing operations.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for 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.
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