Business For Sale

Wholesale Seafood Businesss serving Rhode Island

Kent County, RI
Kent County


Asking Price: Annual Revenue:
$1,750,000 $8,097,616

Food & Beverage: Suppliers, Vending


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RE: Wholesale Seafood Businesss serving Rhode Island Broker: Lincoln Taylor
Owner Financing is Available!

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $8,097,616
Net Profit: Not Disclosed
Cash Flow: $426,216
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 8
BBN Listing #: 883626891
Broker Reference #: 7

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Business Overview:

This full service food wholesaler specializes in seafood. They offer fresh and frozen seafood, live lobsters, fresh meat and chicken, frozen foods, canned and dry goods as well as commodities. They have an excellent reputation for freshness with same day delivery. Customers include restaurants, nursing homes, independent markets, commissaries, mobile catering trucks and seasonal eateries that serve summer tourism as well as a high volume cash and carry business. They buy direct from fisherman, importers and packers including private label goods affording them higher margins.

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Property Features and Assets:

Approximately 5,000 square feet of space with another 800 square feet available if desired. The building is freestanding and very close to a major interstate highway. This includes production, freezer storage and two loading docks. Another 3rd door exists for ground level loading and cash and carry access. Vehicles include 5 box trucks with web based GPS in each and 1 van. The facility has a web based security system with 6 cameras inside and 2 outside. The seller owns the property and will assign his current 5+5 year lease to the buyer.

Market Competition and Expansion:

This is the only full service food provider specializing in seafood in the state of RI that offers same day delivery. They cover the entire state as well as well as eastern CT. Growth & Expansion: This business has grown every year since they started in 2004 and 2015 is continuing the trend. They had their biggest month ever in July grossing over $1,000,000 in sales for the month. Their year to date sales are ahead of 2014 by $250,000 through September. Expansion has remained positive through gains in market share and increased product lines. Additional in-state routes are available for additional market share and extended margins as well as a system upgrade will help price structures and manage the business process and flow.

Reason for Selling:

retirement

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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