Jun 2, 2020 — COVID-19 Status: Pandemic-Proof & Recession-Proof Service
44 Year-Old Company.
Dependable revenues and profits year over year.
Average employee has been with company over 20 years.
Owner does work full-time during the season but does not cut meat - he manages all the office processes, checks in customers, and schedules the staff.
Company processes wild game for hunters (Deer, Elk, Antelope, Bison, Moose).
It also processes exotic wild game and farm animals.
Company provides cut steaks, smoked and cooked sausages, and jerkies.
Business runs September through February.
Who knows what the meat supply will be like for the next few years? Sporadic supply and distribution channels and shut-downs at large production facilities may continue to cause shortages. Hunting has been strong in Colorado for decades but most hunters do not want to process their own game.
This business has many years of repeat clients - their reputation is stellar.
The best part of this business is the staff. Many of the employees have been with the company for over 25 years and plan on returning every year. They enjoy working together and can help bring in new employees when needed.
This would be an ideal business for someone who wants to take summers off or has another venture that is busy in the summer and light in the winter (like some construction businesses). This is a great family business.
The company does not advertise or market to attract new clients. A modest investment in marketing could grow the business beyond the current capacity. The business can double in size without needing more equipment or space, but it would need more staff to handle the workload. The Seller has decided years ago that he enjoys the business at the current size.
Working capital needs are very low - customers pay cash at time of delivery and the cost of materials is basically zero.
The facility can be rented long-term.
A down payment of $40,000 (20%) can come from a retirement account. A 10-year, $160,000 SBA loan at 6% interest would have monthly payments under $1800/month (or $21,600/year). This leaves approximately $100,000/year for the owner's wages.
The Seller does not wish to carry a note because of retirement plans, but will accept an escrow set aside through the first season to ensure that he will train and support the buyer. He will provide one full month of training at the beginning of the season as part of the purchase price.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.