Confidential Luverne, MN 56156

Property Details for 0 Confidential

Property type

Commercial real estate

Description

This thriving meat processing business and facility in Luverne, Minnesota (zip code 56156) is offered for sale at $597,000. Boasting a strong track record of success over 13 years, the business generated $667,003 in gross revenue and $133,679 in Seller Discretionary Earnings (SDE) last year. The sale includes $192,489 in furniture, fixtures, and equipment (FF&E). Seller financing of $59,700 is available to qualified buyers. The business currently employs two people (one full-time, one part-time) and offers custom processing of pork, beef, and venison, including smoking services. The owner, who works 40 hours per week, is selling due to a change of industry and offers eight weeks of support and training to the new owner. A non-compete agreement is in place for 50 miles for five years. USDA and SBA financing may be available. Significant growth potential exists through increased marketing efforts and expanding services to include processing whole deer carcasses during the fall hunting season. The current marketing strategy relies on Facebook and word-of-mouth referrals. The business and property were purchased in July 2011. This presents a unique opportunity to acquire a well-established, profitable business with significant upside potential in a desirable location.

Location Insight

City

Luverne

County

Rock

State

Minnesota

Longitude

-93.2694

Latitude

44.9837