The Delta Elevator was purchased in April of 2019, realizing a breath of fresh air after 40+ years as a conventional feed mill.
The Delta Elevator has a loyal customer base covering much of the western slope stretching into Utah and New Mexico. The new ownership has transitioned the business from a commodity focus to diversifying its product inventory with value-added mixes. David and Michelle Livingston are continuing The Delta Elevator’s tenure as a family-run business. In their first year of ownership, the Livingston’s have been intentional about establishing a culture that builds a well-networked agricultural community, achieves persistent product improvement, and expands markets for Western Slope farmers.
- Upgraded product staging and increased bin capacity, and automation equipment
- Product handling and packaging equipment
- Flatbed and Augur vehicles
- Enhanced marketing program and a market needs analysis
- Security / fencing
ROI and Initial Conditions
- Investor Only – 5% preferred return and 20% of net cash flow over the investment period
- Investor/Partner – to be determined subject to investment level and defined role as a business partner
Other Relevant Information
David and Michelle also own and operate Sunshine Mesa Farm, a pastured poultry farm at their residence in Hotchkiss, CO. Additionally, Michelle serves on the board of the Valley Organic Growers Association. These ties to the agricultural community provide us with insight and direct experience with producers and consumers.
OPPORTUNITY TYPE
Investor or Investor/Partner: The Delta Elevator business owners wish to grow the business. In order to do so, investment is focused on modernizing operations and automating delivery, product assembly and increased distribution. It is estimated that an investment of up to $750,000 will be required to fully modernize and update business operations. Once the investment has been completed, an annual growth of 10-15% annually over a 5-year period is projected. The owners are looking for either an investor whose partnership interest ends following the 10-year Opportunity Zone investment period or an active business partner that will invest capital for modernization and assist with marketing and business operations.
Key Parties
David and Michelle Livingston – Purchased business in 2019. Active partners operating the business with plans to expand.
