SOLD

SOLD – One Location Grain Elevator in Southwest Minnesota – $7,650,000

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:

Turns / Year

 1.50 1.75 2.00
Total Corn Bu.

   4,254,000

   4,963,000

   5,672,000

EBITDA

 $1,233,660 $1,439,270

$1,644,880
  • 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

 

 

 

 

 

Details

Property Type :
City : Southwest Minnesota
County : MN

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