Listing Number: 13485-983539
A 35 year old premier and profitable seafood processing plant located in the Southeast of the US, with 20%+ per year growth over the last 3 years. This unique business has had only two different owners over its history, does very little advertising and is vertically integrated and diverse with its revenue stream.
No one customer or vendor makes up more than 12% of this company's revenue and expenses respectively, with overhead of this business being very low. Locally harvested seafood, with established relationships utilizing independent suppliers and contractors along the east coast of the US, helps keep fixed costs to a minimum.
CPA generated historical financials and records are in place, with an existing owner who works only 25 hours per week in the business and who is willing to stay on to help with a very smooth transition to a new buyer.
Production capacity in the existing processing plant is only at 30%, so there is a significant upside for additional seafood processing/packaging.
This business would be a great add on to an existing seafood processing plant, distributor or retailer. Or, this would be a great business for a couple who would love to live, work and play in the Southeast.
- Price: $2,950,000
- Down Payment: $2,655,000
- Sellers Discretionary Earnings: $811,302
- Total Sales: $4,897,667
- Location: North Carolina
- Inventory: $53,023
- FF&E: $144,115
- Employees: 35
- Year Established: 1985
- Reason for Selling: Owner is Considering Retirement
- Category: Manufacturing