Business Overview:
• Well-respected Canadian seafood company export business, specializing in live lobster.
• Sales of nearly C$8.4 million in 2010 with EBITDA of C$500,000 (All financial data is expressed as Canadian C$)
• With a size able export business, this seafood company has sold an average of 900,000 pounds of live lobster per year since 2006.
• With an expansive live lobster holding facility, there is tremendous opportunity for growth by exporting a wide range of seafood products—in addition to Canadian lobster.
• State-of-the-art technology is employed in all live lobster processing and live lobster storage systems to maintain optimum quality and health.
• This seafood export company enjoys well-diversified customer markets in several European and Asian markets.
• Nearly a dozen new customer relationships have been developed in emerging markets within the last twelve months. Most recent year-end (12/31/10) sales in these markets have increased 400 percent over 2009.
• Tremendous growth opportunities exist for this seafood company through increased business development efforts, the introduction of new seafood export products and through further penetration of new and current geographic markets.
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Property Features and Assets:
Situated on 2.5 acres of land, this seafood company occupies a 5,000 square foot building that includes approximately 3,500 square feet of operational space, featuring an expansive live lobster holding facility. The remaining 1,500 square feet comprises the Company’s neatly appointed, spacious corporate offices. The live lobster processing and live lobster storage facility is equipped with state-of-the-art technology that results in increased efficiency and capacity.
Market Competition and Expansion:
Management is confident that this seafood export company is well positioned to leverage its well-earned reputation for consistently high quality Canadian lobster and its strategic location to pursue tremendous growth.
This seafood company’s strong customer relationships and long-standing reputation present exciting opportunities to increase market share, especially its export business. Intensified business development efforts, geographic expansion and introduction of new seafood export products present exciting areas for seafood distributors to seek immediate growth through the injection of capital and human resources.
Reason for Selling:
Diversifying its business interests
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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