Farm Equipment Sales & Service Business W / Re
www.GlobalBX.com
Listing ID:
700395522
Listing Title:
Farm Equipment Sales & Service Business W / Re
Quick Link:
http://www.globalbx.com/listing.asp?bId=395522
Industry:
Agriculture
Industry Segment:
Other Agriculture
Country:
United States
State / Province:
North Carolina
Area
City:
Asking Price Range:
$2.5M - $5.0M
Gross Revenues:
$7,382,652
Cash Flow:
$686,182
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1951
Number of Employees:
6 - 9
Business Description:
Farm Equipment Sales & Service Business w/RE & Large Inventory
This family-owned, award-winning, agricultural equipment sales and service business was established in the 1950s. Over the decades the company has grown into a large, successful farm equipment and grain handling products business and now serves customers across North and South Carolina and other Southeast US locations.
Its primary business is comprised of the wholesaling and distribution of short-line farm equipment (50%) and grain storage, handling, and conditioning products (50%). Overall, approximately 90% of income is produced from wholesale and retail equipment sales with the remainder coming from equipment services and warranty work.
The business sale includes five acres of land and a 140,000 sq ft metal framed warehouse building which allows the company to keep a large amount of inventory in a protected environment. Additionally, in 2015 an office space and an inventory area of 2,537 sq ft (1,960 sq ft heated/cooled) were added to the warehouse space.
This debt-free agricultural business has a 70+ year brand name and is well-established in the local and regional markets with a knowledgeable and skilled workforce. All key employees have worked at the company for over ten years and are capably educated and passionate about farming and the agricultural industry. This very experienced sales and operations team will remain with the business following the sale. In addition, the retiring owners are willing to stay on as contract employees for up to six months following the sale to help facilitate a smooth operational transition and educate the new buyer on the business and local marketplace.
While there are competitors, the business is well-known regionally, enjoys a strong reputation, and is effective at successfully competing against both local and national companies. It is advantageously located in the Southeast US, as opposed to the crowded Midwest marketplace, and over the years it has
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