Iowa Agribusiness Service Provider

IA

This business cannot keep up with demand.
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $2,500,000

EBITDA: $255,000

FF&E: $106,000

Inventory: $10,000

Real Estate: N/A

Established: 2002

Iowa Agribusiness Service Provider

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Business Description

The Company installs, repairs, and maintains grain handling equipment for local cooperatives, elevators, and farmers. In 2016, revenue was generated from construction services (35%), material and equipment sales (33%), labor (20%), and crane and forklift service (12%).

Equipment & Services
The Company also retails welding gasses and supplies, bearings, belts, and sheaves, and has a millwright onsite. It owns 5 cranes from 20-ton to 65-ton for use in grain handling projects and for setting homes, trusses, and moving equipment, in addition to several forklifts and man- lifts. They provide hydraulic crane rental service complete with a crane operator.

Sign the electronic NDA linked at the website address below to be contacted.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
16,000
Employees:
7FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in the heart of agri-business corridor, the Company’s office and warehouse facility was established in 2002 with new warehouses added in 2006 and 2012. The facilities are owned by one of the owners, who is flexible to sell or lease the facilities to new ownership in conjunction with a business sale.
Competition:
While the Company has as many as six competitors in this market space, they have established a list of over 500 satisfied customers. Because of its reputation for results within the region it has served for 30+ years, the Company is well respected and enjoys repeated referrals via word-of-mouth. Ninety-five percent of its business is for prior customers.
Growth & Expansion:
Iowa has only 1% of all US population. But, its farmland and factories produced 10% of US corn exports and 7% of US pork exports in 2016. The Company is reporting it has more work than it can keep up with at this time. The Company primarily serves farmer cooperatives (90%) as well as home builders (5%), individual farmers (3%), and retail customers (2%) in Iowa. Two owners work full-time and are supported by five full-time team members.
Support & Training:
Seller will train new owner on all techniques and transition with all key customers, suppliers and vendors.
Reason for Selling:
Retiring
Business Website:
http://www.marigoldresources.com/listings/iowa-grain-elevator-provider
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Contact the Seller

(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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