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  • RE:  SBA Preapproved! Seafood DIST-Absentee Owner
  • Contact:  Eric Straus
Owner Financing is Available!
Owner Terms:$400,000.00 Interest:8% Term Months:36 Monthly Payment:$12,534.55

Quick Facts

Asking Price: $3,999,000
Annual Revenue: $35,719,934
Net Profit: Not Disclosed
Cash Flow: $804,703
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1929
Employees: 17
BBN Listing #: 246135879
Broker Reference #: 6842-197455

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Business Overview:

SBA Preapproved! Seafood DIST-Absentee Owner-Long-term Lease!

In the ever-growing wholesale fish industry, this business has been a trusted distributor for over 90 years, serving the city with a variety of top-quality fresh seafood from its state-of-the-art facility in Hunts Point, NY. It has seen consistent growth throughout various economic challenges and is scalable with room for growth by offering other seafood products currently available to the business including frozen fish. The current owner has grown the business over the past 50 years and has operated remotely for the last 15 years putting in only a handful of hours each week.

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Property Features and Assets:

Monthly Rent: $13,492.00

Square Units (Foot, Meter): 8,200

Lease Expiration Date: August 14, 2050, 8:59:00 PM

Facilities: On November 14, 2005, the Fulton Fish Market which is the largest consortium of seafood wholesalers in the country, relocated its operations to the Hunts Point Food Distribution Center in the Bronx to an indoor fully refrigerated HAACP facility - The New Fulton Fish Market. The 400,000 square foot cooperative facility constructed by NYC at a cost of over $86,000,000, houses 37 seafood wholesale businesses with attractive long-term leases. These businesses offer the freshest and most diverse selection of seafood combined with competitive pricing and year-round availability.

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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