Business Overview:
This business for sale is a producer of 12 varieties of dry hops, including one proprietary variety and four of which the company is the primary grower of in the U.S. Additionally, the company grows wheat, seed grass and hazelnuts The company currently yields approximately one million pounds per year. Products are sold to the beer brewing industry in the U.S.
The company is comprised of approximately 930 adjacent acres: 245 acres are owned corporately, 580 acres are leased from the shareholders, and the remaining 105 acres are leased from third parties. Facilities include hop-drying and baling facilities (approximately 1.5–million-pound capacity), cold storage, and two homes, including a luxury four-bedroom home.
Sales for 2011 approximated $2.68 million with corresponding operating EBITDA of $765,550 (28.5% margin). Based on contracts in place with fixed-price commitments, sales are forecast to reach $3.46 million in 2012, which represents an increase of approximately 29% with corresponding EBITDA of $1.46 million (42.2%). Going forward, sales in 2013 and 2014 are projected to increase 21.3% and 19.1% to reach $4.2 million and $5.0 million, respectively. Growth over the long term will continue to be positively impacted by the company’s established track record and strong customer relationships.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Approximately 930 adjacent acres
Market Competition and Expansion:
Management is confident that significant growth can be achieved via increased marketing efforts and land expansion.
Reason for Selling:
Growth capital
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: