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REDDY ICE HLDGS INC Message Board

  • emerald2p emerald2p Oct 1, 2006 10:13 AM Flag

    Buying an ice company

    Am thinking about buying a local ice company with daily production of 32 tons per day of Turbo for $300K.
    All delivery and customer expense is taken care of by a dealer.
    The plant's profits will come from the dealer at around a selling price of 5-6 cents per pound picked up at the plant.The plant's overhead will only be production related and will be paying $1500 per month in rent.
    The company is located in the South,production will run at full capacity around 9 months out of the year.

    Question:Is it worth $300K?

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