NOT DISCLOSED, Virginia
| Asking Price |
$1,200,000 |
Year Established |
1954 |
|
| Annual Revenue |
$3,912,619 |
Reason for Selling |
Owner Retirement. |
|
| Annual P/L |
$0 |
Attention |
Hal Feder |
|
| Annual Cash Flow |
$263,248 |
Listing Number |
1011605 |
|
| # of Employees |
17 |
Business Category |
Wholesale/Distribution: Non-Durable Goods |
|
Business Overview:
This market leading Mid Atlantic-based commercial bait business specializes in a diverse range of products, including freshwater bait (crappie minnows, mealworms, eels), saltwater bait (menhaden, shrimp, clams, squid), and reptile species (mice, rats) sold and in both fresh and frozen configurations. Products also include a variety of tropical aquarium fish. This established, multi-decade-old company has built a loyal customer base by offering quality product lines, dependable customer service, and timely delivery schedules.
The business distributes bait supplies to commercial clients such as pet stores, gas stations, and specialty retailers throughout the region. The business operates from a strategic location in a growing regional market and offers a turnkey opportunity for buyers seeking entry into or expansion within the wholesale bait sector.
This business has been pre-qualified. Complete details are included in the Confidential Information Memorandum (CIM). Prospects are subject to financial and operational qualification, and loan will undergo a full underwriting process before approval. Real estate is also available for purchase or lease.
Property Features and Assets:
<p>The company’s 13,400 square foot warehouse is strategically situated in a commercial zone with convenient access to regional highways, facilitating efficient distribution of bait and tackle supplies to wholesale clients throughout the Mid-Atlantic region. This facility serves as the logistical backbone of the business, offering ample storage for inventory and streamlined fulfillment processes to meet the demands of a growing customer base. Real estate has been appraised for $2,250,000 and is available for purchase or triple net lease of $13,125 per month.<br></p><p>Assets = $300,000</p>
Market Competition and Expansion:
<p>The wholesale distribution of bait and tackle operates in a more specialized market with fewer direct competitors but has challenges related to logistics, pricing, and customer retention. <br></p><p>Growth opportunities include expanding e-commerce capabilities to reach a broader audience, enhancing marketing efforts, increasing geographic distribution, introducing new product lines. Additionally, forming strategic partnerships and strengthening online visibility can further boost revenue and market presence.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity