Wholesale Fish Processing and Lobster Pound

Not Disclosed., Nova Scotia

Nova Scotia

Asking Price: Annual Revenue:
$5,900,000 $10,370,779

Wholesale/Distribution: Non-Durable Goods

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RE: Wholesale Fish Processing and Lobster Pound Broker: Dan Murphy

Quick Facts

Asking Price: $5,900,000
Annual Revenue: $10,370,779
Net Profit: Not Disclosed
Cash Flow: $453,063
Total Debt: Not Disclosed
FF&E: $1,785,053
Real Estate: $3,214,947
Year Established: 1956
Employees: 50
BBN Listing #: 5064955
Broker Reference #: 9201-14711

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Business Overview:

Fish and lobster pound specializing in live lobster holding and packing for export. Utilizing a combination of storage methods, from individually slotted, as well as traditional floater tanks – they employ a range of holding systems to support a variety of live lobster storage. In addition, along with supplying bait for various fisheries, the company produces an assortment of dried and salted fish for a maritime based company who distribute a variety of fish products around the globe. And as well the company is one of the few businesses providing fresh ice, certified by the Canada Food Inspection Agency, primarily to the fishing industry throughout Nova Scotia.

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Property Features and Assets:

The plant encompasses thirteen buildings housing various live lobster tanks, fish processing, ice house, cold storage along with various sheds that support fishing operations. Total Assets Included: $5,893,275 (CAD)

Market Competition and Expansion:

The live lobster fishery has many competitors and each wharf in the Province would have a local market operating. For fish processing there is a direct relationship for many years with one distributor. The company does not anticipate any changes. For ice there are few competitors regionally and the company transports ice all over Nova Scotia. The plant is located in the southerly part of Nova Scotia, Canada. This area is considered the ‘Lobster Capital of the World’, near the world’s most lucrative lobster fishing grounds.

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is owned.
  • 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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