January 8, 2009 12:32 PM EST
My husband and I are in the alternative livestock business. We both grew up in this business and this is the business our kids want to continue. Our problem in a nutshell is this: We are currently living and keeping our animals (500+ head) on my father`s ranch. This situation is not working out due to many reasons and we need to buy our own ranch. It`s come to a point that we either need to get our own place or sell out. We don`t really want to sell out because this is not just a business for us - it`s a lifetsyle! We have worked long and hard to build our business to the point it is.
We buy, sell, trade, and raise different species of alternative livestock but we wish to expand into the high dollar species such as antelope, giraffes, etc. The current financial crisis has not really hurt our industry as a whole. Although last year`s expenses was the highest our expenses have ever been (due to high price of corn, hay, and fuel) - it is also the best year we have ever had financially. There is alot of money to be made in this industry.
Our problem has been getting the cash to do the deals that come our way. We did get a friend to invest in a deal last year. He invested $20,000.00 cost in a herd of animals. We resold them within a month`s time for $50,000.00 making a total profit of $30,000.00 which we split in half. (PS - this deal could have made produced a lot more profit, but the investor wanted his money back quickly).
We have to turn down a lot of deals because of the lack of working capital and barns/land to house inventory. We do have a local banker that will loan some money on our current animal inventory collateral. However, it is not enough to buy a ranch (we need several acres to support the animal inventory that we have now and hope to expand to).
We are looking for a partner or investor to purchase land & animals to expand our business. If you have any ideas on how to present this to investors or where to find them, please let me know. Looking for any advice we can get on how to accomplish this and make money for both the investor and our family.
victoria1/8/2009 6:33 PM
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