The Family Farm is an agricultural business located in the Upper Peninsula of Washington State. It has been under its current ownership for the past 12 years. It is a 4.76 acre farm with eight green houses.

The farm has warehousing and processing facilities available on-site. It has all of the necessary equipment and machinery needed for production and sale of its products. The family operates from a three bedroom home on-site. (Go to www.forsalebyowner.com and use listing id 22205104for a detailed description of the home.) (See Appendix A – Initial Balance Sheet for a summary of assets and liabilities.)

The farm produces nursery products, dahlia tubers, fresh cut flowers,fresh vegetables, and berries. Nursery products are grown in an environmentally controlled green house. Fresh vegetables are grown in green houses and outdoors. Berries and tubers are grown outside. The products are purchased by retailers, customers at local “Farmers Markets” and customers wanting nursery products and fresh cut flowers for special occasions such as weddings. The Farm has an on-site store which is open from the end of March through mid-October. All the Farm products are sold at the On-Site Store.

The Family Farm does its own soil preparation, planting, growing, harvesting and preparation of the products for the markets. They distribute products to local customers with their own truck.

The Family Farm produced over $98K of sales in FY 2010 (October 2009 through September 2010) and $54K net profit before owner draws and taxes. FY 2011 sales took a setback due to unusual weather, downturn in the general economy and County road construction. Sales are projected to grow steadily to over $150K annually over the next 5 years. . This growth is realized through changes in product mix and increased productivity from expanded green house capacity. The average annual revenue over the 5 year period is projected to be $135K. The cost-to-sales ratio is expected to improve over that of FY 2010 and FY 2011 due to better harvesting techniques and time management.

Equity in the real estate is expected to grow significantly as the market returns to normal.

The Family Farm has always been involved in the “Open Spaces Ag Program”. This involvement greatly reduces the property tax. The CY 2010 total was $261.00.

The Family Farm as a brand name is well known and respected in the market community. Consumers know what they can get from them and respect the products and services.

CALL US TODAY!!!!       360-417-6710