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Business for Sale Overview:

Founded over 60 years ago, this Mid-Atlantic based Company primarily operates as a wholesale distributor of a full-line of fresh and frozen seafood. The Company’s product line includes blue crab, oysters, and a large variety of fish. Along with wholesale distribution, it also retails a small line of packaged seafood and condiments. In 2006, the Company booked $10.1 million in annual sales and nearly $400K in adjusted EBITDA. The Company’s primary targets are wholesale and independent seafood markets, as well as restaurants. It reaches its target market via sales representatives, advertising, trade shows, and directory listings. The Company enjoys a large percentage of repeat business. The Company employs nine full-time individuals, excluding the owners, and hires seasonal workers during peak season. The owners and employees have ample experience and vast knowledge of the industry.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.