Active
Quality Fish Retailer with High Sales Volume! (37945)
Thriving within an up-and-coming coastal area of Southeast Massachusetts, the business provides a vast selection of fresh seafood items prepared in-kitchen and widely distributed via delivery or take-out. Presenting many specialty dishes, unique recipes, salads, appetizers, chowders, and entrees, popular items are sold to both Wholesale (55%) & Retail clients (45%), with fish made available daily of less than 2% waste ratio! Located near a major highway, the workplace is located inside a 2,100 square foot strip mall that is centrally sited for passerby traffic, holding a long-termed tenancy of $2,348 monthly renewable in 2025. As one of the oldest fish markets in the area, the company’s active website, engagement in social media, and direct Val-Pak mailers help to maximize referrals, drawing both new and repeating consumers to their reputable store. A longstanding team of nine nonunion employees are cross-trained and likely to continue owner-involved operations. The possibility of a hired bookkeeper and counter person could streamline the business into absentee operations after transitioning. While growth opportunities exist via advertising, partnerships, and strategic expansions such as dining, the business is debt-free, flexible, and expects Discretionary Earnings up to $81,981 for 2023, after last year’s Revenues totaled $1,632,971! Thanks to excellent recipes, fresh fish, top ratings, and years of ongoing experience with locals, the company keeps a strong command a over its niche industry. Based on an independent evaluation!
Listed By: Larry Anderson
Background information
Seller Number:
37945
Year established:
1984
Reason selling:
Health reasons & Burnout.
Finance
Sales:
$1,632,971
Profits:
$81,981
Profit type:
Discretionary Earnings
Operations
Employees:
9 nonunion.
Equipment:
$150,000
Inventory:
$16,500
Premises
Square footage:
2,100+/-
Rent and lease terms:
Holds a monthly tenancy of $2,348 renewable in 2025.
Opportunities
Market:
Referral Sources.
Price and terms
Price:
$325,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Cross-trained team likely to continue operations with possibility to streamline into absentee after acclimation.