Seafood Distributor/Retailer w/Real Estate

Not Disclosed, RI


Asking Price: Annual Revenue:
$2,050,000 $8,323,434

Wholesale/Distribution: Durable Goods


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RE: Seafood Distributor/Retailer w/Real Estate Broker: Kevin A, Nery, CBB, CBI, M&AMI

Quick Facts

Asking Price: $2,050,000
Annual Revenue: $8,323,434
Net Profit: Not Disclosed
Cash Flow: $461,099
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $600,000
Year Established: 2004
Employees: 9
BBN Listing #: 895635713
Broker Reference #: 19816

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Business Overview:

Established wholesale food distributor with large customer list and a fast-growing retail cash and carry business.

This company sells fish, seafood, lobsters, chicken, meat, frozen foods and canned goods.

Its customers are restaurants, seafood markets, grocery stores, nursing homes, caterers, commissaries, mobile food trucks, seasonal eateries, membership clubs, etc.

Fresh and frozen goods are sourced from fishermen, importers and packers including private label goods and it is a high-volume cash and carry business.

Surprisingly, sales are only down 18% during this Covid-19 period and operating profitably.

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Property Features and Assets:

Facility, which is included in sale price has offices, a production freezer, cold storage and loading docks. Clean modern building with security cameras and all equipment needed to operate. A small fleet of trucks with GPS in all.

Market Competition and Expansion:

This is a very profitable wholesaler/retailer and a rare seafood opportunity. Perfect for an Owner/Operator or a branch location for an established wholesaler. Unique Southern New England market area poised for growth. Poised to “take off” when Covid-19 restrictions are lifted.

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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