Closed Slaughterhouse for Sale

Cincinnati, OH (Hamilton County)

Closed Slaughterhouse for Sale
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Established: N/A

Closed Slaughterhouse for Sale

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Asset Sale Description

Listed for sale is Tri-State Beef, a Cincinnati based beef slaughterhouse. The parent company, based in Korea, acquired this slaughterhouse in 2013,, After 3 years in operation and approximately $2,500,000 in investments in automation, the Korean based company has decided to cease US operations.

Current owners have invested in excess of $2,500,000 to automate the production process. The facility is USDA certified and the license is currently on an "inactive" status. All equipment and real estate are included in the sale. The transaction must be structured as a stock sale to ensure the USDA certification will transfer with ease to the acquirer. The business was profitable in 2013 & 2014 but substantial losses were occurred in 2015.

The business is being offered as a stock sale. An asking price has not been established since interested parties will have different value perceptions. Fixed assets included in the sale had a 12/31/15 net book value in excess of $2,700,000.

Industry experience is a must. Owners will consider all serious offers.

Detailed Information

Reason for Selling:
Exiting the US Market
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Asset Sale Listed By:
Wayne Corney

Keate Partners, Ltd.

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