MergerPlace

Fish Market w/Real Estate $274k SDE

Nashville, Tennessee


  • Asking Price: $850,000
  • Gross Income: $1,520,000
  • Cash Flow: $274,000
  • Real Estate: $2,200,000
  • Inventory: $25,000
  • FF&E: $67,300
  • Listing ID: #223662
  • Established: 1955
  • Employees: 7

Business Description

This established, profitable, fish and seafood market has a long history in the Nashville area. They buy fish and seafood products from various suppliers and sell them in two retail establishments. The business has a large customer base and a solid reputation in this sector. This business is very consistent, with a lengthy history. The business finished with $1.22 million in revenue and $156,947 in Seller’s Discretionary Earnings (SDE), respectively in 2019. For 2020 through September, the business is on pace for $1.52 million in revenues and $274,000 in SDE. The business and its brand could be scaled to different parts of Tennessee on a relatively inexpensive basis. The owner has also successfully built the team around the business, allowing the next owner to focus on strategy. The owner hours vary. The owner also owns the building and lot of one location and wishes to sell that (separately) as well. He believes the building to be worth around $2.2 million, based on comps in the area.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Tennessee
Metropolitan Area: Nashville

Company Information

Year Established: 1955
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $850,000
Gross Revenue: $1,520,000
Cash Flow: $274,000
FF&E: $67,300
Inventory: $25,000
Real Estate: $2,200,000
Seller Financing Available: Yes

Property Information

Facilities:

The business owns one of its facilities and leases the other. They are storefront retail stores. The owner wishes to sell the building and lot that he owns.

Growth & expansion opportunities:

The current owner believes revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. Since the owner wants to semi-retire, this presents an opportunity for the next owner. The current owner has a solid support staff.

Competition:

There are a few other competitors in the fish and seafood market segment in the area. This business has differentiated itself with outstanding customer service and reliability. Plus, exceptional quality separates the business from its competition. The company still only holds a small amount of market share in the rapidly growing areas of Middle Tennessee, leading to expansion possibilities just here in the greater metropolitan area.

Reason for selling:

The owner wishes to semi-retire and pursue other ventures.

Support & Training:

The owner will provide training as needed to the buyer.

Contact Business Seller

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Business Listed By:

Wes McDonough

CGK Business Sales