GROSS SALES: $3,691,957 Adjusted Net: PROFITABLE!!! (in Fiscal Year ending October 31, 2020)
This is a proprietary product business. Most of the sales are in bulk but they also do branded packaging. All the formulas are owned by the seller, not the customer. Custom Animal feeds for Dairy Cattle, Calves, Beef, Swine, Sheep, Goats, Horses and Deer. Most of the business currently is in the dairy industry but some of the other products could be expanded, possibly on a national level as the business does have a registered and copyrighted name. Seller will assist in the transition of administration and management responsibilities and is interested in continuing with the company strictly in a sales position. Business currently running at about 60% capacity so there is much room for growth. Purchase Price of $2.2 million includes the $ 600,000 for real estate. There are also tax benefits according to the seller's accountant of $381,000+, due to the recent change of their accountancy method from accrual to cash basis, provided the buyer buys the stock of the corporation.