Successful Maple Sugaring Business Located in Northern New Hampshire
Agriculture Businesses for Sale
- Primary Category: Other Agriculture Businesses for Sale
Unique opportunity to purchase a full service, tap to distribution Maple Sugaring Business, including the business, production facilities, sugarbush property leases, and a residential property. Established in 1973, Fuller’s Sugarhouse is a family-owned and operated small business located in Lancaster, NH, a quaint, scenic town in the northern White Mountains of New Hampshire. They are surrounded by the Presidential range and all its rugged beauty, part of what makes their syrup so rich in flavor. In 1997 a new sugarhouse and store was built in Lancaster to be able to process product from 10,000 taps. Production was expanded in 2016 with a new sugarhouse in Jefferson, into which 18,000 additional taps feed.
Through the years, the business grew and in 1998, Dave and his wife Patti established Fuller’s Sugarhouse and Country Store in downtown Lancaster, NH.
Fuller’s Sugarhouse taps maple trees in a “sugar bush” or “maple grove” in the Jefferson/Randolph area. Sap from the trees is collected by a plastic tubing system. They have 18,000 taps that run directly into their Sugarhouse in Jefferson where it is boiled to golden, smooth syrup, and another 10,000 taps in the same “sugar bush” that feed to another remote pump station a mile down the road. From there, drums of syrup are transported to their Lancaster facility to be packaged in bottles and jugs, and used to make maple candy, cream (butter), and sugar. All of Fuller’s Sugarhouse pure maple products are sold online, in their Country Store, and distributed to retail locations nationwide.
Fuller’s Sugarhouse Country Store is a one-stop shop for some of the best maple products made in New England. They also sell maple sugaring equipment to other producers in the region and will occasionally participate in equipment installations as well.
The product/service breakdown is 27% Retail, 59% Wholesale, 12% Equipment Sales, and 2% Other Sales. No single customer represents more than 8% of total sales, with the top 3 representing only 19% of total sales.
Financial Information
- $1,500,000 Asking Price
- $263,226 Cash Flow
- $1,465,637 Gross Revenue
- N/A Down Payment
- Yes Financing
- $254,015 Adjusted EBITDA
Business Location
- City: Lancaster
- State: New Hampshire
Financing Comments
- Sellers are willing to offer minimal seller financing depending upon the size of the downpayment and the strength of the deal.
Reason for Sale
- The sellers are looking to retire.
Detailed information
- Year Established: 1973
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 7
- Part-Time Employees: 6
- Contractors: N/A
- Owner Worked Hours/w: 40
- Inventory Included: No
- Inventory Value: $600,000
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: $750,000
- Building Size: 15700
- FF&E Included?: Yes
- FF&E Value: $906,000
Training/Support
- The sellers are willing to work through the transition, offering training for up to two weeks and will negotiate a longer consulting/employment agreement depending upon the needs of the buyer. The sellers are also willing to sign a non-compete agreement as negotiated with the buyer.
Facilities
- All of the real estate included in the acquisition, as well as all furniture, fixtures, and equipment are all in very good condition, fully operable, and meticulously maintained. The property at 267 Main Street in Lancaster is situated on 1.07 acres with 116 feet of road frontage on Main Street (Route 3). There are two buildings on the property: a 6000 square foot commercial building that houses the General Store, production facility, and storage areas; and a 2000 square foot residential building where the current owners live. The property at 2021 Presidential Highway in Jefferson is situated on 4.2 acres with 784 feet of road frontage on Presidential Highway (Route 2). There are two buildings on the property: a 3400-square-foot residential property used solely for storage; and a 4300-square-foot commercial sugarhouse. The real estate is included in the sale of the business and is valued at $750,000.
Market Outlook/Competition
- Fuller’s Sugarhouse marketing campaign focuses on promoting themselves as a small, family-owned farm that provides its customers high quality maple syrup straight from the source, NH’s White Mountains. Their strong year-round marketing plan drives both online and in-store sales, generates increased website traffic, increases customer awareness in the Fuller’s brand and continues to build and strengthen engagement across various social media platforms. The year-round plan keeps existing customers engaged with Fullers and also invites potential new customers to learn more about the maple sugaring process and purchase Fuller’s products.
Real Estate Description
- The property at 267 Main Street in Lancaster is situated on 1.07 acres with 116 feet of road frontage on Main Street (Route 3). There are two buildings on the property: a 6000 square foot commercial building that houses the General Store, production facility, and storage areas; and a 2000 square foot residential building where the current owners live. The property at 2021 Presidential Highway in Jefferson is situated on 4.2 acres with 784 feet of road frontage on Presidential Highway (Route 2
Business Listed by
Jay Polimeno
Sunbelt of New HampshireContact Business Broker
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