Business Overview:
The Business for sale is a well-regarded manufacturer of a proprietary liquid energy and protein supplement and ancillary products (whey protein concentrate, veal feed, etc.) for dairy and beef cattle. Dairy farms, which account for approximately two-thirds (65 percent) of the company’s sales with the balance of sales coming from feed lots, feed mills, whey plants and miscellaneous industries. A customer base numbering approximately 150 active accounts includes its top five customers, which collectively accounted for 58.8 percent of sales in 2010. A long operating history (38 years) bolstered by excellent systems and procedures, an established track record and outstanding customer service have resulted in a high rate of repeat and word-of-mouth business. Fiscal 2011 sales forecast to reach $16.5 million, representing 104.4 percent growth over 2010 results, with corresponding EBITDA of $3.48 million (21.1 percent margin).
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Property Features and Assets:
Company-owned real estate – 18,500 square feet in total facilities space
Market Competition and Expansion:
The Company’s strong customer relationships and long-standing reputation present exciting opportunities to increase market share. Increased business development efforts and geographic expansion, present just a few of many exciting areas to pursue immediate growth for more aggressive management through the injection of capital and human resources.
Reason for Selling:
Growth capital to pursue significant expansion
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.