Overview
Location: Rhode Island
Primary Category: 5146 – Fish and Seafood
Secondary Category: 5149-98 – Canned Goods
Your Reference ID: 19816
Financial Information
- Asking: $2,050,000
- Gross: $8,323,434
- Cash Flow: $461,099
- Furniture, Fixtures, & Equipment: $150,000 (Included in Price)
- Inventory: $5,000 (Included in Price)
- Real Estate: $600,000 (Included in Price)
Contact Information
- Contact: Kevin Nery, CBB, LCBI, M&AMI
- Phone: 508-990-9800
- Email: k.nery@nerycorp.com
summary
Description
Established wholesale food distributor with large customer list and a fast-growing cash and carry business.
This company sells fish, seafood, lobsters, chicken, meat, frozen foods and canned goods.
Its customers are restaurants, seafood markets, grocery stores, nursing homes, caterers, commissaries, mobile food trucks, seasonal eateries, membership clubs, etc.
Fresh and frozen goods are sourced from fishermen, importers and packers including private label goods and it is a high-volume cash and carry business.
Surprisingly, sales are only down 18% during this Covid-19 period and operating profitably.
general
Information
- Facilities:
Facility, which is included in sale price has offices, a production freezer, cold storage and loading docks.
Clean modern building with security cameras and all equipment needed to operate.
A small fleet of trucks with GPS in all.
- Opportunity / Growth:
This is a very profitable wholesaler/retailer and a rare seafood opportunity.
Perfect for an Owner/Operator or a branch location for an established wholesaler.
Unique Southern New England market area poised for growth.
Poised to “take off” when Covid-19 restrictions are lifted.
- Support / Training: As needed for smooth transition.
- Reason Selling: Retirement.
Contact Us
Coastal M & A
700 Pleasant Street, Suite 330D
New Bedford, MA 02740
contact Us
Office: 508-990-9800
Fax: 508-990-4288
