Pecan Shelling & Gift Business

Undisclosed Address, Lubbock, TX 79423
Business Opportunity for Sale
Catylist Listing ID: 30257526
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $575,000
Year Business Established: 1995
Gross Revenue: $398,035 (Annual)
Cash Flow: $37,782 (Annual)
Last Updated: 12/3/2018

Overview / Comments

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.

Additional Details

Industry Segment: Food Production and Packaging
Reason for Selling: The owners are nearing retirement and are experiencing health issues.
Value of Inventory Included ($): $2,000
Value of Furniture, Fixtures, and Equipment ($): $105,000
Value of Real Estate Included ($): $325,000
Real Estate Lease Description: 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.
Employee/Labor Description: 3 FT/6 PT
Mgmt/Training Support Description: Will train for 2 weeks @ $0 cost. 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.
Competition/Market Description: 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.
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.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,697 4,353 8,348
Median Age: 37.94 37.99 38
Households: 976 1,537 3,091

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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