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Retail wholesale hay product company who supplies its products to various retail and private companies throughout the Martin County, Florida area. The company is a premier source of hay, straw and bedding to customers located within their delivery regions and beyond. They are dedicated to producing and sourcing every grade and type of hay needed within their markets, then providing that product to their customers in the right size bale and with the right size and type delivery to suit their needs efficiently year-round. They accomplish this consistently each year by giving careful attention to the seasons and supply’s and through their long-term relationships with growers in every major hay and straw producing region of the US and Canada. With years’ experience serving customers in equine, dairy, construction, government and retail they have handled almost every type of delivery, quantity and quality request. This company purchases in large volumes and supplies its products at a basic retail cost with a substantial profit. Known to deliver only the best products, this company is one of the most experienced distributors of fine-quality retail alfalfa hay to serve all your hay needs. With many years of quality and consistency in their products, they take pride in being an industry leader, and strive for excellence in production, harvesting, and marketing to meet customer expectations. Going above and beyond is integral to their operation management and is why they are second to none. Their reputation is extremely important, which is why their customers are sure to be satisfied with their dedication to excellence. Their production capabilities allow them to extend sales representing an increase in gross sales. Additional income is available if the company also coordinates the house manure presently not delivered to the same customers. This business has one full time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,300. The 2019 yearly projected gross income is estimated at $225,000 and the business will have a yearly net income of approximately $40,000 based on an owner operator and prior to debt service. The business has been valued at $150,000, based on a multiple of the net yearly income and the value of the specific business assets.
This wholesale company is on 1 acre and has a trailer storage area which is used to maintain its products which consist of one trailer. This opportunity is in Martin County, Florida which consists of various businesses that with continued demand for this product.
The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.
To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
The owner has elected to retire after many years in the industry.
The owner will remain post-closing for 30 days to supply an appropriate transitional period to the new operator.
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