Issue link: http://deals.uberflip.com/i/1312534
Founded in 2002, the Company is a leader and a pioneer in the hoop barn industry. The Company's buildings provide a very high, bright interior that require no artificial electric lighting during daylight hours. The airflow in a Company's building tends to tumble and roll, which eliminates dead areas that allow moisture, bacteria, and mold to form. This type of air flow allows the building to be 15 degrees (or more) cooler in the summer and 15 degrees (or more) warmer in the winter. In 2018, revenues were comprised of buildings/materials (93%), installation labor (5%), and wholesale feed and nutritional supplies (2% via sister-Company a wholesale vet supplier, S-Corp). Sales and Marketing The Company relies on direct sales, its website, industry and trade events, word-of- mouth, and referrals to generate business. Since inception, the Company has established an extensive network of contacts within the agricultural and cold storage industries. Customers & Growth Potential The Company is a worldwide supplier and manufacturer utilizing authorized dealers and builders throughout the US, Europe, Mexico, and Puerto Rico. Primary customer markets include agriculture-related (75% of 2018 revenues), cold storage (20%), and others (5%). Advertising spend has been only 3% and 1% of revenues in 2017 and 2018 and the Company has only one full time sales person. Organization and Facilities The Company is an LLC operating from a leased (shareholder-owned) Midwestern four-acre facility that includes a 10,000 square foot office and shop. The facilities can accommodate more than double the current revenues without major facility improvements. The Company's staff totals 6 full-time employees and operates with a general manager – the principal is an absentee owner. Chris Barnard, Senior M&A Advisor (563) 424-5707 cbarnard@generational.com Client #52271 Generational.com DealForce.com DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Click here to sign NDA. Hoop Barn Pioneer & Manufacturer • $786K EBTIDA FY End March 2018 • Capacity to Double Production, No Cap-Ex