Financial Information
Annual Sales: $3,578,096
Seller's Discretionary Earnings: $1,099,113
Furniture, Fixtures & Equipment: $3,500,000 included
Inventory: $750,000 included
Additional Key Information
Location: Ohio
Reason for Selling: Owner wishes to explore other opportunities.
Business Summary
Established for over 25 years, this profitable business specializes in the manufacturing of decorative mulch, wood boiler fuel, and heavy equipment/truck maintenance. The core business consists of producing bark mulch, dyed mulch, and woodchip products. The company has also evolved into an alternative energy producer of wood boiler fuel. This is an increasingly growing area due to the government initiatives to reduce dependency on existing energy options. Additional opportunities exist to add pelletizing equipment to increase its alternative energy focus. This could significantly expand the geography that the business could cover. A mulch bagging line could also be added to sell material in smaller lot sizes in Big Box retailers or garden centers versus just selling in bulk. The company has mobile grinding units to perform onsite mulching around the country for situations such as natural disasters. In addition to manufacturing, the company provides grinding for hire, dying for hire, and heavy equipment repair and maintenance. Maintenance is performed on their own equipment as well as for other commercial fleet companies and tree service companies. The company has also developed a niche equipment fabrication/refurbishment business. Included in the sale is an extensive inventory of trucks and heavy machinery.
NOTE: Due to the size of this operation, only buyer prospects with excess of $1 million liquid will be shown the opportunity after a nondisclosure agreement is completed.