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Greenhouse Grower, Wholesaler

Iowa

Retail - Florists | Agriculture

Asking Price Not Disclosed Inventory  
Gross Income $4,200,000 Real Estate $4,500,000** 
Cash Flow $568,000 Year Established 1930
FF&E $2,100,000* Employees 25 ft, 20 pt

* included in the asking price

** not included in the asking price

Commercial full-service greenhouse operation with retail and wholesale divisions. Company offers state-of-the-art equipment, strong R&D, internationally-recognized expertise in plant breeding/growing, expansive facility secured against environmental and biological intrusion, and exclusive contracts for several product lines. Over 70 years of quality, customer-driven service has gained this company a blue-ribbon reputation. Client portfolio comprised of recognized national corporations. Strong growth curve. Owner is fully-committed to continue the growth of the firm. Extremely loyal work force with strong work ethic. 2009 projected revenue $5.1MM, projected adjusted cash flow $568K; 2010 revenue $5.7MM, adj cf $760K; 2011 revenue $6.4MM, adj cf $937K. Company is not for sale, but seeks up to $2.75 MM in funding from investment partner to reduce debt load and to free cash flow for operations.

Facilities: Office, operations, greenhouses total over 330,000 sq ft. on approximately 10 acres. Automated systems in temperature control, ventilation, watering, fertilizing, transplanting, lighting. Technology-driven systems reduce labor costs.

Competition: Very limited competition: company employs technology to provide consistent methodology for plant growth. Full spectrum service in one facility. Strongly tied to global experts in research and genetics.

Growth/Expansion: Growth/Expansion: Expertise in R&D insures constant innovation in product and efficiency in process. Proprietary product line enhances long-term investment.

Financing: Owner is seeking an investment partner.

Reason Selling: Owner is seeking an investment partner.

Business listed by

Chris Reicher

320-492-1005


C.G. Reicher Associates, Ltd.


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