Installation & Distribution of Grain Storage, Handling, and Drying Equipment
Full-service dealer in the business of installation of grain storage, handling, and drying equipment with premium product distribution. They have been in business for almost 40 years and enjoy a long-standing rapport and reputation within its community and territory served. They service over 100 miles in a radius. The majority owner would like to retire. He is currently involved in employee management and servicing equipment. The minority owner is responsible for day-to-day operations and is very hands-on.
Facilities are 40,000+/- sq ft with ample space to accommodate future growth. All equipment is in good working condition. Most equipment is purchased to minimize the necessity for rental equipment, benefit the construction operations, and executed with consideration of company tax liabilities.
Most competitors are significantly smaller and cannot fulfill the same scale of orders. Design capabilities and reputation set this company far above the rest.
Growth & Expansion: The company is booked almost to capacity for the upcoming season. They are constantly contacted with new job requests. They have the systems, facilities, and equipment to dramatically increase sales growth without a corresponding capital outlay.
Support & Training: The majority owner is willing to stay on to transition, and the minority owner is willing to stay on for a more extended period of time.
Reason for Selling: Retirement
2022 Adjusted Cash Flow: $3,200,000+
2022 Gross Revenues: $13,200,000+