Established Multi-Channel Seafood Distr

Business Overview:

Established Multi-Channel Seafood Distr. & Retailer-RE Availble
Established Multi-Channel Seafood Distributor & Retailer – Real Estate Available

Business Price:  $2,550,000
Real Estate Price:  $1,200,000
Business and real estate are to be conveyed with the sale.

Well-established seafood company with decades of operating history and strong brand recognition in its regional market. The business operates through diversified revenue channels, including wholesale distribution, direct-to-consumer retail, restaurant supply, and a growing e-commerce platform.
The company benefits from long-standing supplier relationships, recurring commercial accounts, and a loyal retail customer base. Operations are supported by substantial cold storage and processing infrastructure, creating meaningful barriers to entry.

Significant opportunities exist to expand geographic reach, increase online penetration, and further develop higher-margin product lines.
Real estate is part of the transaction.

Ideal opportunity for a strategic buyer, food distributor, private investor, or operator seeking a platform acquisition in the seafood sector.

Contact the Seller:

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Property Features and Assets:

The original manufacturing building was built in the 1920's and was converted to a seafood processing plant in the late 1950's. It was shut down for a period of time before being reopened in 1972, sold in 1986 then purchased in 2002 by the former owner. A separate building was built on an adjacent parcel in the 1993 and outfitted for crab processing. The current owner, Jason Hall, purchased the company in March 2020.
Since 2002, the owners have steadily increased sales and profitability, even during periodic recessional periods and hurricane seasons. The current owner purchased the company in March 2020. Wholesale sales = 38%, Retail sales = 38% and Restaurant sales = 24%.
Crabs, oysters, fish, and shrimp make up the bulk of the wholesale and retail sales. Additional revenue is generated through the sales of clams, lobster, scallops, soft shell crabs, and other seafood related products.

Market Competition and Expansion:

The US seafood industry is expected to grow by nearly $2 Billion over the next five years or roughly 8% (1.26% CAGR) and the limiting factor in domestic production is sourcing fresh caught fish and shellfish. According to Greenwich Capital Group, the business outlook for domestically produced fresh-caught and frozen seafood in the U.S. is positive and growing, driven by rising demand for sustainable, high-protein, and traceable products. While facing competition from high import volumes, domestic producers are benefiting from a consumer shift toward "boat-to-table" freshness, premium quality, and convenient frozen formats
This company has established solid relationships with both local fisherman/crabbers and suppliers up and down the US East Coast. This gives the company a competitive advantage over other companies in the industry.

The Company invested heavily in establishing an e-commerce platform and marketing. These sales are growing well, now accounting for nearly 7% of sales with the potential to grow exponentially over the next 2-4 years.
The current processing plant is running at a small portion of full capacity, so there is a huge upside for a new buyer in both the processing of additional seafood, whether it be in the local harvesting or in the bulk breaking and/or re-packaging/distribution of frozen product.
The current owner will continue to live in the area and will be available to serve as a consultant or advisor if requested. willing to stay on and be paid for up to two years after the initial four weeks of training to assist the new buyer with the growth of this business. He has many ideas for expansion, especially as it relates to a "buying local/fresh program". The community has also expressed an interest in the current owner being a wholesaler/distributor of another meat selection. Sort of a "surf & turf" offering.

Reason for Selling:

Other business interests. Kindly ask the seller for more information.

Additional Details:

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