Business Overview

Well established seafood wholesale and distribution, also export seafood to China.
Have been in business for 15 years, strong relationships with suppliers and buyers.
Handle some specialty products , like sea cucumber, geoduck and etc. Processing equipment are included in the sale.
The owners are retiring.

Financial

  • Asking Price: $196,000
  • Cash Flow: N/A
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks training and 1 month on going consultation

Purpose For Selling:

retiring

Pros and Cons:

Good relationships with suppliers, nitch market for high quality seafood

Additional Info

The company was founded in 2007, making the business 15 years old.
The transaction shall not include inventory valued at $20,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nonetheless, the real factor and the one they tell you may be 2 totally different things. As an example, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is very vital that you not depend totally on a vendor's word, but instead, utilize the vendor's response along with your total due diligence. This will paint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract new clients? Most times, businesses have repeat customers, which create the core of their daily profits. Specific factors such as brand-new competition sprouting up around the area, roadway construction, and also employee turn over can influence repeat clients and adversely impact future earnings. One crucial point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean family income influence future revenue prospects?