Active
Wholesale Seed Processor
The Company buys bulk grain from farmers and other grain dealers in the area, cleans and bags the grain and resells it across the upper Midwest, primarily to other wholesale seed dealers. The Company deals in Sunflowers, Wheat, Oats, Milo, Rye, Barley, Millet, Safflower and Triticale. The facility is very well maintained, has excess bushel capacity, numerous types of grain bins, grain dryers, grain cleaning equipment, and delivery trucks. Besides the main grain elevator, the facility has over 40,000 square feet of warehouse space and a 1,200 square foot outside storage building.
Listed By: Josh Grode Wolters
Background information
Reference:
5401-17234
Year established:
2000
Reason selling:
Retirement. The owner is willing to stay on for a year + if needed.
Finance
Sales:
$3,025,039
Profits:
$159,959
Operations
Employees:
2
Equipment:
Included in asking price $249,395
Inventory:
Included in asking price
Premises
Facility:
The seed processing and storage facility and elevator has a storage capacity of over 150,000 bushels, 40,000+ square feet of warehouse space, and a large office on 3.3 acres. The 80' scale has a capacity of 60 tons.
Opportunities
Growth:
A larger sales team could drive growth. There is room to grow, but labor is a bottleneck. There are currently some crops/seeds that aren’t being processed, growing offerings to farmers as the supplier and customer could develop more markets. Capacity is currently underutilized. The Seller would be willing to stay on in a management role if the buyer so desired for +/- a year.
Price and terms
Price:
$2,500,000
Financing:
$125K down/$250K over 120 mos. @ 7%/Other Financing.
Training:
Will train for 2 weeks @ $0 cost. A grain dealer license is required but can be obtained easily at the time of sale.