COTTON GIN #340

Built in 1939 and purchased by the current owner in 1999, cotton farmers from miles around bring their cotton to this gin. Taken apart, serviced, and rebuilt every year, this is an exceptionally well-maintained gin. In the past few years a burr grinder, a bell press, updated gin stands, lint flue, and the conveyor over the gin stands have been added. The gin occupies 5 acres of land and four buildings, including the gin, 2 warehouses and an office. There is plenty of land to expand the business. The gin is typically operated from November to March each year. Total assets include $1,000 of inventory, $260,000 of equipment, fixtures, furnishings, and vehicles, plus buildings and land valued at $900,000. Located in Northern Texas.