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Listed by:

Marigold Resources

Hoop Barn & Agribusiness Building Manufacturer & Distributor For Sale

Iowa, US
Asking Price:
$1,500,000 (USD) Inventory / Stock included
Sales Revenue:
$2,100,000 (USD)
Cash Flow:
Available on request

The pricing calculation is a 2.1 X multiplier of the last 3 years weighted EBITDA average (year ending March 2020) of $573K = $1200K plus $300K inventory. Business Sale Pricing will include minimum of $450K in Working Capital.

Pioneer in the hoop barn industry is selling the Midwest based business. The Company’s buildings provide a very high, bright interior that require no artificial electric lighting during daylight hours. Airflow in these buildings eliminates dead areas reducing moisture, bacteria and mold and supplemental warm and cool air in seasonal climates.

In 2018, revenues were comprised of buildings/materials (93%), installation labor (5%), and wholesale feed and nutritional supplies (2% via sister-Company).

Full offering memorandum and introductory video available to qualified borrowers who e-sign the NDA at the link here on this page.

Property Information

Location:

IA (Relocatable)

Premises Details:

This Limited Liability Company operating from a leased (shareholder-owned)four-acre facility that includes a 10,000 square foot office. The facilities can accommodate more than double the current revenues without major facility improvements. The staff totals 6 full-time employees and operates with a general manager – the principal is an absentee owner.

Size in square feet:
10,000

Business Operation

Expansion Potential:

Maintains a strong sales and margins despite a lack of resources dedicated to marketing. In order to expand the business, new ownership could utilize the techniques listed below: • Create an expanded sales team • Implement a marketing plan designed to diversify target markets • Continue to improve web page and design it to maximize key word searches • Establish outreach campaign to vast list of customers who can use upgrades, covering replacements that have not been contacted Operational growth considerations • Outstanding growth opportunities: If properly capitalized, the Company has opportunities to expand its national and international reach and broaden client service offerings to further improve appeal with new and existing customers. • Superior name and reputation: Company has a long-standing reputation for providing quality products, reliable expertise, and superior customer support. • Strong customer relationships: Company has strong ties to clients due to its reputation for timely delivery and excellent customer service. • Diversified customer base: Company customer base is diverse as no one customer represents more than a few percentage points of revenue in a given year. • International reach: Company has supplied products and/or services to customers throughout the world, including Europe, Mexico, and Puerto Rico.

Competition / Market:

Sales and Marketing - The Company relies on direct sales, its website, industry and trade events, word-ofmouth, and referrals to generate business. Since inception, the Company has established an extensive network of contacts within the agricultural and cold storage industries. Customers - Company is a worldwide supplier and manufacturer utilizing authorized dealers and builders throughout the US, Europe, Mexico, and Puerto Rico. Primary customer markets include agriculture-related (75% of 2018 revenues), cold storage (20%), and others (5%).

Reasons for selling:

Retiring

Employees:
6FTE
Years established:
1982

Other Information

Support & training:

As required.

Financing available:

Up to 20%

Inventory / Stock value:
$300,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Marigold Resources

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