MergerPlace

Daz

New York (Bronx)


  • Asking Price: $3,500,000
  • Gross Income: $37,221,006
  • Cash Flow: $750,928
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: Not Disclosed
  • Listing ID: #204129
  • Established: 1929
  • Employees: 18 FT / 4 PT

Business Description

One of the oldest and best regarded seafood wholesalers in the United States. A family owned business since 1929, this business is a full service seafood company, providing every imaginable variety of seafood to customers throughout the United States. Main wholesale offerings are Salmon, Red Snapper, Lobster, and Shellfish. Customers have been with them for generations! Don't miss this opportunity to take over a very profitable, lucrative operation that can be run absentee with the right management. Highly sought after- this won't last long- act now!


Business Details

Primary Business Category: Wholesale Trade - Durable Goods
Location: New York
County: Bronx

Company Information

Year Established: 1929
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 18 FT / 4 PT

Financial Information

Asking Price: $3,500,000
Gross Revenue: $37,221,006
Cash Flow: $750,928
Inventory: $100,000
Seller Financing Available: No

Property Information

Facilities:

Location is the main seafood wholesale location and near the largest port/city in US. Low rent and no trucks required. The business is located in THE prime location for seafood wholesale.

Growth & expansion opportunities:

Growth opportunities exist to sell direct to consumers, casinos and restaurants. You could also enlist a hub and spoke approach to expand regionally.

Competition:

This business has been in existence since 1929 so all competition is in place and not a factor in growth opportunities. Industry fluctuates depending on supply and demand of popular fish.

Reason for selling:

The owner of this long time seafood wholesaler is retiring and ready to sell the one of the longest family businesses (since 1929) in the seafood industry. He has been running the business absentee for a number of years now so the business setup with management for a successful transition to new ownership.

Support & Training:

Will train for 4 weeks @ no cost 4 main seafood departments make up the business and all management/sales staff are in place for many years. A background check is required for any new owner coming into this industry and this business operates under union rules. A comprehensive POS system is in place to ensure a smooth transition to new ownership.

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Business Listed By:

Daz Connell

Murphy Business Brokers