Business for Sale Overview:
The March Group currently represents a niche manufacturer of a line of farming implements, which boasts close to a 40 percent market share. 2008 sales and EBITDA of nearly $2.4 million and $182,000, respectively, which represents an EBITDA margin of 7.8 percent. EBITDA has steadily increased over the past several years, stemming from changes in operating expenses, capital purchases and increased sales, a trend that is expected to continue into the future. Requiring approximately 80 labor hours per unit to manufacture, the Company’s products are widely recognized as the longest-lasting and highest quality in the market, with an average lifespan exceeding 10 years. Current order backlog will keep production operating at full capacity through June 2009. Sales are generated through three channels: dealers who sell to end-users (75 percent), direct to end-users (15 percent), and distributors who sell to dealers (10 percent). Sales efforts have historically been led by one in-house salesperson, with a core of three local dealers accounting for 50 percent of sales - leaving significant room for market expansion. Recently hired manufacturer’s representative is expected to generate increased sales across the southern Midwest. Average production is up to 160 from an historical average of 130, with a continued rise projected over the pro-forma period. Organized as a sub chapter “S” corporation.
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:
The Company operates from three adjoining buildings on six acres of land. The facilities comprise a production facility of 6,000 square feet, a paint shop of 3,000 square feet and a 1,800 square feet office. Both land and properties are available for sale along with the business.
Market Competition and Expansion:
The Company’s prospects for future growth are excellent, with opportunities to expand the geographic markets served, increase sales and marketing efforts, as well as expand the product lines offered.
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.
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.