Agricultural Business S901 – Central Kansas

This meat processing locker located in Central Kansas is a one-stop shop for client’s deer and meat processing needs. The business offers custom slaughtering, meat processing, wholesale and retail sales. They are committed to providing expert, quality services for guaranteed customer satisfaction. The owners grew up working in the family grocery store cutting meat for their parents and later opened the meat processing facility in 1978. In 1985 they decided to expand with the opening of a retail store. Their goal is to furnish quality Kansas Beef and Pork to the Central Kansas area. They have also expanded their product range to Poultry, Turkey, Buffalo, Lamb, Goat, and Seasonings. Sausage making has always been of great interest to the owners and as a result they also carry a large line of homemade sausage. Other services include gift certificates and supply of gourmet beef marrow bones to a local pet food company. They have an excellent reputation in the community and their products have continued to receive awards over the years. The company has established a solid customer base from which to build a solid business and the owners are looking to retire in the next 1-2 years. New owners purchasing the business would ensure that 14 essential jobs in the area are saved. The sale would include all of the assets, equipment and a well-established client list. Preferably, the real-estate and facilities would transfer with the business through a purchase, lease-to-purchase or lease arrangement. The business currently generates around $1.75M in revenues with the majority of its revenue being derived from the sale of processed meats and sausages. Operating profit margins to the business are around 3% of revenue. Annual discretionary cash flow earnings to the new owner, i.e. adjusted EBITDA, is estimated to be between $150K and $225K sufficient cash flows to a new owner to service some debt financing. The estimated value range or asking price of this business is between $350K - $575K (excluding receivables, liabilities, inventory and facilities).

* Adjusted EBITDA = EBIT plus Depreciation and Adjustments (excluding Owners compensation)

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If you are interested in any of these offers or would like more information about the program or process, please contact Denton Zeeman at 785-864-8863, dentonz@ku.edu, or redtire@ku.edu.

 

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