For More Information Contact Southern Mergers & Acquisitions, Inc. (704) 644-1141 info@southernmergers.com
Business Profile: Quality Irrigation Equipment Manufacturer
Mfg-Agri Products
Tallahassee 58286
Purchase Information
$5,500,000
Financial Information
$5,030,912
$1,762,933
Included
$350,000
Included
$2,500,000
Included
Other Business Information
1969
25
N
N
N
Business Description
Real Estate & Inventory Included - Multiple Revenue Streams
This company manufactures their own line of products for the agriculture industry including irrigations systems and pumps. They have been established many many years and is second generation owned. 145,000 SF facility.
They sell to their own dealer network east of the Mississippi and have a strong replacement parts business and build completed units to order. Owner prefers to stay employed in sales roles. Sales in the past 10 years have ranged from $5 Million to $8 Million. 25% margins on products and about 100% on parts replacements. Many hard assets help support the price, but the business needs to be grown back to the $7M or more range as the owner has become complacent and not been pushing sales or visiting customers of late.
Real estate accounts for half of the asking price and almost $2 Million in inventory. Principals Only. No Buyer Reps and No Buy Side Brokers - No Exceptions. Buyers need to sign a Confidentiality Agreement before receiving additional information. Bill Law cell 704-904-6624 bill@sunbeltbrokers.biz
Please Note: All listings herein are exclusive to this listing office as of
the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE
STATEMENT is signed by the prospect.
