No photo available
Located in the Southeast US, this very profitable and growing seafood processing, wholesaler, retailer and restaurant is ready to sell to the right buyer. The owner is ready to retire, is debt-free and has a thriving business, even during this Covid-19 environment. Multiple pieces of real estate accompany this sale, which is estimated to have a value of $1.5MM.
This business has an excellent 30+ year brand name, distributes fresh wholesale seafood up and down the east coast of the US, has a growing retail operation and has an accompanying restaurant that has seen an increase in sales during this unusual Covid envrionment.
Started in 1988, the owner of this business at one point had annual sales close to the $12MM mark, but has since admittedly, has been distracted by other personal side projects.
Fresh seafood, as an alternative to beef, bbq and chicken is a welcome change for the average consumer. Competitive Overview While there is competition, it is hard to find a current business that has the combination of wholesale, retail and restaurant sales. This 30+ year operation has an excellent brand name and with some additional marketing and exposure, could continue to grow both in revenue and in profitability.
Potential Growth This business is located right on the coast and receives a daily supply of fresh seafood from all of its long standing independent contractor crab and fishermen.
Opportunities for growth are tremendous with the right buyer who has the ability and distribution channels to scale this operation. Archaic systems need to be upgraded for more inventory tracking, logistically movement of product and POS software at both the retail and restaurant operation.
The current owner is convinced and has been asked repeatedly to open an oyster bar and currently has design plans created and permitted to do so.
The owner is willing to stay on for a period of time after the sale to help facilitate a smooth operation.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.