Seller's Contact Information
- RE: Seafood Distribution - GREAT Opportunity
- Contact: Marshall Pollock
Quick Facts
| Asking Price: | $997,500 | |
| Annual Revenue: | $13,533,514 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $304,047 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $750,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1977 | |
| Employees: | 30 | |
| BBN Listing #: | 594933008 | |
| Broker Reference #: | 2401-782193 |
Business Overview:
CHEF QUALITY PREMIUM SEAFOOD...DELIVERED!
One of Southern California’s premier purveyors of fresh and frozen seafood with direct access to seafood from the U.S. West Coast and both sides of the Baja Peninsula. Longstanding relationships in this region provides a collection of fish and seafood not widely available beyond Southern California. A reputation as a trusted seafood source allows for unique collaborative opportunities. The company also has a growing restaurant distribution business, a popular retail store, and strong online sales.
A primary receiver of fresh fish and shellfish and one of the largest importers of fresh seafood from Baja Mexico, specializing in wild and farmed species found along the California coast and the Baja peninsula.
With more than 100 wholesale customers across the USA and distribution to more than 125 restaurants, fish markets and supermarkets, this has a become a thriving business with a strong reputation for providing a wide range of first-rate seafood, much of which is responsibly harvested. Offering locally caught tuna, opah, swordfish, spot prawns, and spiny lobster as well as flounder, grouper, yellowtail, white seabass, snapper, scallops, and abalone from Baja California. Inventory includes a wide range of seafood required for restaurant distribution, including several salmon choices, shrimp, fresh and frozen shellfish. With direct sourcing and distribution, the gross margins are over 30% with strong growth opportunities on the horizon.
Long-standing experts adept at determining the most appropriate airline or trucking arrangements to ship products throughout the USA and around the world. Exporting to Japan, China, Korea, Hong Kong, and the EU, and importing from Mexico, Canada, Panama, Chile, Peru and Australia.
The business has had yearly revenue over the last few years of over $13,350,000 with an average adjusted net of more than $380,000. Business includes more than $750,000 of FF&E. Inventory levels range from $600,000-$900,000. SBA possible for well qualified buyer.
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Property Features and Assets:
The company was founded by the current owner 45 years ago. The operation has grown from commercial fishing to wholesale and restaurant distribution, as well as walk in retail and on-line sales.
Market Competition and Expansion:
Several Competitors on the West Coast. Expanding Distribution to restaurants and Hospitality Businesses.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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