Business Overview

New Price! Motivated Seller!

A well-established wholesaler and retailer selling a variety of seafood products all over the world.

The company has an excellent reputation for freshness with fast delivery.

With a wide customer base, this company stays busy throughout the year.

Sales growth was 3% in 2020 and continued growth in 2021 is expected.

Financial

  • Asking Price: $1,450,000
  • Cash Flow: $497,500
  • Gross Revenue: $9,085,567
  • EBITDA: N/A
  • FF&E: $335,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Facility located in prime location. Company has a very valuable lease in place.

Is Support & Training Included:

As needed for a smooth transition.

Purpose For Selling:

Health reasons.

Opportunities and Growth:

This is a rare opportunity! The large customer base provides steady revenue and opportunities for continued growth.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 totally different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or an array of various other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, yet rather, use the seller's answer combined with your total due diligence. This will paint a much more sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points such as stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new clients? Often times, companies have repeat customers, which form the core of their day-to-day earnings. Specific elements such as new competitors sprouting up around the area, roadway building and construction, and also personnel turn over can influence repeat clients as well as adversely influence future incomes. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning client base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood mean home earnings impact future earnings prospects?