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Successful hydroponic greenhouse vegetable business + home + 3.5 acres

Faribault County, MN
Ariel view of home & business
Ariel view of home & business
Asking Price:$1,200,000
Real Estate:$300,000
Gross Revenue:$500,000
Established Year:1989
Listing ID: 1955599Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turn key opportunity

Well established family business in operation over 30 years located in south central Minnesota just off I90 marketing tomatoes, cucumbers and basil to metro area coops and high end restaurants. Sale includes 5 bedroom, 3 bathroom home with 2 car attached garage, 2 story deck and perennial flower garden. 3/4 acres greenhouses heated with wood and supplemented with LP for year round growing. Several storage structures for wood and supplies. Processing building and heated garage for delivery vehicle. 100KVA automatic LP generator, 2 private wells and septic system & mound on grounds. Sale includes all equipment required to continue the business. Acreage is 3.45 acres with ongoing contracted 0.5 acres with neighbor.
Great location to raise a family and run a business together in rural Minnesota; located 1 mile from K-12 school campus completed in 2014.

DETAILED INFORMATION
Location
Faribault County, MN
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Facilities
8 fully equipped greenhouses; 2 nursery houses with hi pressure sodium lights; processing building; 2 large wood storage buildings.4 Heatmore woodburning boiler furnances; supplemental LP heat furnaces; delivery van; bobcat; 2 private wells; automatic LP generator; house and grounds
Competition
We sell to metro coop stores and high-end restaurants where there is a good demand for high quality produce. We have long established relationships, and these would transfer to new owner.
Growth & Expansion
Many. There is increasing demand for locally grown, pesticide free produce in metro areas. There are new markets to be uncovered and captured. Greenhouse lighting powered by solar panel energy would enable for year-round production which we do not currently do. There is ample farm-land for expansion nearby. The house has a basement apartment which would also enable for a rent paying tenant.
Support & Training
Training and consultation available from owner to help new owners become established with the greenhouse growing business
Reason for Selling
retirement
Home-Based
This business is Home-Based
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Steve Klingbeil
Phone Number
Steve Klingbeil
Call Phone