Property Overview

• One location elevator with 2.836 Million bushels of storage. Well-maintained with limited capital improvements required.
• Has 30 acres, grain storage on 10 acres with excess land for expansion
• Located in strong corn production area with 200 to 250 million bushels of corn in a nine county radius.

Business Overview

• Seller to offer a long-term Corn Origination agreement for 3.0 to 3.4 Million bushels annually for separately owned feed business.
• Well established customer base with strong local market for corn and soybeans.
• Solid, long-term relationships for grain procurement.

Ask Price of $7,650,000

• Includes Real Estate, Staff, & Corn Origination Agreement with Seller for Feed Business
• Rolling Stock and Grain Inventory not included (list available)
• EBITDA estimate based on typical industry margins:

• Estimated to be Priced at 50 percent cost of a New Build. Buyer can leverage return by increasing throughput and adding services

Opportunities

• Corn Origination agreement provides one turn through the elevator annually and allows buyer to build clientele for second turn.
• Room for Expansion: Grain storage, Agronomy Center, Propane, etc.
• One location to ease logistical implementation
• Rare opportunity to purchase a staffed elevator with significant grain storage.
• Ability to purchase a going-concern with immediate cash flow.

Additional information available upon a signed Confidentiality Agreement. Contact agents for additonal information: Ben Isaacson at  319-350-6084 or Maurie Cashman at 319-213-8934