OPERATING GRASS SEED PROCESSING COMPANY FOR SALE - $8,500,000
Seeds Inc. is an investment-grade opportunity consisting of an on-going business in the grass seed processing industry that processed a recent high of 26 million pounds in 2018. There are three plant locations; Nezperce, ID, Worley, ID, and one location that straddles the WA/ID border in Tekoa, WA/Plummer, ID. The asset locations are strategically placed in the heart of the Pacific Northwest’s bluegrass production country. With easy highway access to and from all locations, the headquarters, located in Tekoa, WA in Whitman County, is only a short, 20-minute drive to the Worley location and two hours from the Nezperce plant.
The Seeds Inc. operation includes domestic and international sales channels and contracts with regional seed producers for supplies to meet distribution demands. This asset covers over 28 deeded acres across its three locations and includes processing plants and storage warehouses, fully operational greenhouses, full staffing to run the daily operations, and all operating equipment to continue and grow the multi-faceted operation. Additional business components include a wholesale greenhouse operation that provides native plant species to landscapers and government contractors and also a dedicated feed pelletizing operation.
The cornerstone of the business model is cleaning and distribution to the wholesale market of Kentucky Bluegrass seed. There are several proprietary grass seed varieties and blends that the company has exclusive, protected rights to. This seed processing asset has a total of five seed cleaning lines that are operated year-round and each location is also capable of pelletizing the bi-product materials, created during the cleaning process, into forage pellets for livestock feed. At the Worley, ID location, an additional income stream is created by a dedicated alfalfa pelletizing operation.
Patent protected technologies that use the core aspects of the business help create additional opportunities to grow the company and offer further diversification. Historical financials show profitable EBITDA with robust sales forecasted for 2021 (financial information available after execution of a Non-Disclosure Agreement). Existing management and employees are in place to continue operations through and post-acquisition. The company currently employs 50 +/- personnel, some of which are seasonal labor. Seller will consider involvement during a transition period, allowing a new owner to continue current operations and take advantage of opportunities for growth. Sale includes all aspects of the on-going business including, but not limited to: real estate, equipment, distribution, personnel, and contracts. Current inventory is excluded from the asking price but available for purchase, final levels and price to be negotiated at time of sale.
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