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BUSINESS FOR SALE - PROFILE #  20-2806SLAC

Seafood Distribution / Retail Market
Sarasota County

Asking Price: $500,000   Down Payment: $500,000  
Gross Revenue: $787,633   Adj. Cash Flow*: $122,301  
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Executive Summary

Become a part of the 3-billion-dollar Seafood distribution industry with an established customer following! The Fish and Seafood Markets industry has experienced a steady moderate growth increase for the past five years to 2019 of 3.1%. Rising consumer spending and increasing seafood consumption has contributed to this steady growth. Many consumers are incorporating more finfish into their diets as a healthy addition or alternative. This multi-location outdoor seafood market was established by present ownership over 25 years ago and has been delivering delicious fish, shrimp, lobster, home-made chowders, crab and salmon cakes/patties, dips, soups, seafood pies, spreads and other seafood items at local farmers market locations in primarily one county of southwest Florida. They also do a small amount of shipping. Local residents and visitors gather and enjoy friendly interaction as there is often a line to purchase the various fresh seafoods and related products! All fish is inspected, cleaned, and packaged fresh for resale; two days a week in their state certified commissary.  Fish is either caught by local fisherman or shipped in fresh by a few select seafood wholesalers with excellent reputations.  Quality control is achieved as they know the history of each catch, time it was caught and the location. Two owners work full time in season and part-time off season. One full time employee works year-round in both the fully equipped commissary and at the outdoor markets. This employee also performs marketing duties including social media posting. Two part-time sales staff work at the markets.   Excellent books and financial records are ready for due diligence. Accounting is done thru Quick books, and Square POS. Seller states 90% of sales are by credit / debit card, 10% cash pay. CPA produced IRS returns. Seller will provide a free training and transition period after the sale and is willing to stay longer for new ownership at a mutually agreeable compensation.

Acquisition Highlights

  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1995 Inventory: $1,000 Included
Employees: 1 FT, 2 PT Furniture, Fixtures & Equipment: $50,000 Included
Lease/Rent: $852 Real Estate:
Building Sq Ft: 1500 Included
    Total Assets Included in Sale: $51,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Stacy Alario
Phone:  (941) 957-1414
Fax:  (941) 296-7486
E-mail:  stacyalario@aol.com
American Business Brokerage, Inc.
3205 Southgate Circle
Suite 20
Sarasota, FL 34239
americanbusinessbrokerage.org
The above company and/or agent is a licensed real estate broker/and or a business broker.
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