Farm Equipment Sales & Service Business w/RE & Large Inventory

Asking Price$4,300,000

Cash Flow
$686,182
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$7,382,652

Inventory$750,000
Included in asking price
FF&E$600,000
Included in asking price
Real EstateNot Disclosed

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Farm Equipment Sales & Service Business w/RE & Large Inventory


Asking Price$4,300,000

Cash Flow
$686,182
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$7,382,652

Inventory$750,000
Included in asking price
FF&E$600,000
Included in asking price
Real EstateNot Disclosed


Seller Financing Available
Business Description
Real Estate & Large Inventory Included!
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 expanded its market share with both growing family farmers as well as expanding commercial farm operations.

Historically, the company has focused on equipment sales primarily in its local and regional markets. Opportunities for growth are numerous with the right buyer who has the appetite to expand the existing business into other geographic areas, add additional product lines, and increase the maintenance and services offered. In addition, associated activities such as design, erection, and installation could be added. Currently, the company has a limited website presence and a focus on improving marketing strategies and upgrading operations could increase opportunities and improve business efficiencies.
About the Business
Years in Operation
74
Employees
8
Market Outlook / Competition
Well positioned against competitors
Opportunities for Growth
Increase online activities and add services
About the Sale
Seller Motivation
retirement
Transition Support
2 weeks
Financing Options
Owner Financing Amount $430,000.00 Owner Financing Interest 9% Owner Financing Terms
Listing Info
ID
2255896
Listing Views
3798

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Business Listed by: AJ Ramsey Transworld Business Advisors of Eastern NC

Listing ID: 2255896 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.