Hoop Barn Pioneer & Manufacturer

IA (Relocatable)

This hoop barn innovator has customers in USA, Europe, Mexico and Puerto Rico.
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Asking Price: $1,100,000

Cash Flow: N/A

Gross Revenue: $1,880,000

EBITDA: $312,000

FF&E: N/A

Inventory: $300,000

Real Estate: $375,000*

Established: 1982

*not included in asking price.

Hoop Barn Pioneer & Manufacturer

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Business Description

Sale Price includes minimum $300K in working capital, minimum $300K in inventory and all FF&E. Sales and EBITDA are for weighted 3 year average 2017-2019 year end March.

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.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
10,000
Employees:
6FTE
Facilities:
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.
Competition:
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%).
Growth & Expansion:
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 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.
Support & Training:
As required.
Reason for Selling:
Retiring
Business Website:
http://www.marigoldresources.com/listings/hoop-barn-pioneer-manufacturer
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(from currently available funds)
 
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Chris Barnard

Business Listed By:
Chris Barnard

Marigold Resources

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Sponsoring Broker:
Todd McGreevy

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