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Profitable Seafood Distributor
Location Delaware,United States
Asking Price Range $250K - $500K
Gross Revenues $2710000
Net Profit / Cash Flow $172000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1925
Number of Employees 6 - 9
Inventory 50000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Owner(s) are willing to stay on or will provide adequate training for a smooth transition
Reason for Sale Owners wish to retire and pursue other interests
Description This third generation, family owned business is a profitable distributor of seafood from around the world and has a track record of consistent growth in both revenue and cash flow. Established in 1925, the business has an outstanding reputation for superior quality and service. The business has many loyal customers who rely on the company to provide them with high quality, fresh seafood products that are cut to order and delivered on time. Customers include restaurants, country clubs, private clubs, schools, nursing facilities, catering companies and others. The business is well run, easy to operate, and has limited competition. Throughout its history the business has been a strong regional player in the wholesale seafood business. The company abides by all HACCP Standards and is HACCP Certified.
The owners of the business personally own the building that the business operates from. The building is not part of the sale of the business. However, the owners want to sell the building to the buyer of the business. Purchasing the building would be a separate transaction from the business and the asking price for the building is $200,000. The buyer of the business may be able to package the business and real estate to obtain an attractive SBA 7(a) Loan. The 7(a) Loan program offers small businesses both immediate and long term benefits, so business owners can establish a new business or assist in the acquisition, operation, or expansion of an existing business.
Marketing and Promotion Include: customer referrals, word of mouth advertising, Google search, and proximity to local markets.
Owner has identified several areas for growth that will be discussed at the appropriate time.
Seller financing is available to qualified buyer.
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