MergerPlace

Pecan Shelling Business

Texas (Lubbock)


  • Asking Price: $575,000
  • Gross Income: $389,035
  • Cash Flow: $37,782
  • Real Estate: $325,000
  • Inventory: $2,000
  • FF&E: $105,000
  • Listing ID: #205689
  • Established: 1995
  • Employees: 3 FT/ 6 PT

Business Description

The company specializes in pecan shelling and customer service. Although small, the company has a unique competitive strength likely to facilitate continued growth and that is their commitment to consistent and friendly service.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Texas
County: Lubbock

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 6 PT

Financial Information

Asking Price: $575,000
Gross Revenue: $389,035
Cash Flow: $37,782
FF&E: $105,000
Inventory: $2,000
Real Estate: $325,000
Seller Financing Available: No

Property Information

Facilities:

The company operates in an owner-occupied facility. Per the Central Appraisal District, the property is 1.21 acres with a main building area of 4,560 sf, a canopy of 420 sf and paving asphalt of 5,000 sf. The real property is included in the sale of the business.

Growth & expansion opportunities:

Growth would include expanding sales in the existing areas of shelling, retail sales, specialty and gifts could be accomplished by engaging in a robust advertising campaign and community networking. Additionally, the 40 pecan trees on the property could be watered and fertilized to encourage crop production. Other growth opportunities include adding an outside sales staff, adding additional equipment to potentially reduce the number of employees needed and the gift sales could be a year round aspect of the company growth.

Competition:

The company has very little competition in the shelling market. When the company opened, there were three other shellers in the immediate area. All of them were family businesses and operations discontinued as the owners retired. However, shelling demand has not decreased. As such, there is tremendous opportunity for a new owner to expand the shelling business. Geographic Territory: The company currently sells all of its products in West Texas, Eastern New Mexico, Oklahoma and has no territorial limitations.

Reason for selling:

The owners are nearing retirement and are experiencing health issues, they feel like the company’s potential for significant growth would be more effectively realized with a new owner who has the time and passion to explore the many sales and marketing opportunities that are available in the small business friendly environment of West Texas.

Support & Training:

Will train for 2 weeks @ no cost. The owner is actively involved in the management and operations of the Company, full time, his partner works part-time. • Owners duties include, Production Manager: shares in the customer service, oversees machinery maintenance, and manages the shop personnel and sales staff. • Co-owner works part time handling much of customer service and interaction, manages accounts, vendors, trade shows. • Manager One, Back Supervisor: handles the daily operations of the production floor with close supervision. • Manager Two, Front Supervisor: handles the daily operations of the front-end operations including sales and inventory management. The positions are a convenience the current owners but are not critical to operating the business. · The shop personnel perform the shelling and require minimal training to perform their duties as the methods and skills used in shelling are not technical and do not require vocational training. The owners currently handle training of the personnel.

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers