25+ Seafood Wholesale & Retail Business w/RE

Not Disclosed, NC


Asking Price: Annual Revenue:
$1,695,000 $2,453,226

Wholesale/Distribution: Non-Durable Goods


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RE: 25+ Seafood Wholesale & Retail Business w/RE Broker: Tony/Jarma Khoury
Owner Financing is Available!
$169,500.00

Quick Facts

Asking Price: $1,695,000
Annual Revenue: $2,453,226
Net Profit: Not Disclosed
Cash Flow: $290,889
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 9
BBN Listing #: 272858201
Broker Reference #: 13485-730513

Email or Print Listing

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Business Overview:

With sales expected to exceed $2,200,000 in 2021, this business sources fresh seafood from an average of over 100 different fishermen per year. Ratio of sales are 2/3 Wholesale vs. 1/3 Retail, with product sold and shipped both locally and along the US east coast. Included in this listing price is a standalone 10,000 square feet building, with freezers, coolers, steamers, smokers, pallet jacks, retail space, truck and a soft crab operation.

After working in the commercial fishing industry for 25 years, this seller decided to become a dealer in order to expand both market reach and production. Product is sold locally, in addition to being shipped to New York, Philadelphia, Washington DC, Baltimore and the Eastern shore of Virginia and Maryland.

This business sells millions of pounds of crabs and hundreds of thousands pounds of fish on a yearly basis. In 2004, the present building structure was constructed, which is a major tourist route to the Outer Banks. This expansion provided this owner to expand its retail operation.

In over 20 years, this business has served both locals and a steady stream of tourists on their way to or returning from the Outer Banks, most of which are repeat customers. Advertising has consisted of only 3 state signs and word of mouth.

Over the last several years, there has been a steady increase in retail sales, with Covid a contributing factor as customers seem to be choosing to cook their own food rather than expose themselves at restaurants.

Another trend that has been observed is the customers reliance on quality and cleanliness, where this business has maintained a 100% sanitation rating since first opening their doors.

2021 has experienced the best year yet with regard to both wholesale and retail sales.

While there is competition in the industry, this business has a stellar reputation, with over 70 Google reviews and a 4.9/5.0 customer rating. It is also located on a high-traffic road with great visibility.

An opportunity for growth includes increased advertising, an upgrade of the website, expansion of cooler/freezer space for additional storage of product and potentially a restaurant on-site.

Standalone 10,000 square feet metal building, with retail store, soft shell crab operation and land to expand, all located on a high-traffic road heading to the Outer Banks of NC

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is 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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