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Fresh Seafood Retail

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Complete NDA for Full Overview

Price: $1,100,000

Annual Revenue: $1,500,000

Minimum Equity Required: $385,000

SDE: $290,000

Location: New Brunswick

Industry: Retail

ID: 1281

Description

This well-established Fish Market has been in the family for 60 years and has been selling to the public since 1991.

This Fish Market has a long tradition of excellence and has stood out by the attention they pay to their customers; serving the public, local restaurants and shipping seafood from coast to coast.

Here you will find abundant seafood products with incredibly knowledgeable employees. Among the products you will find for sale are shrimp, scallops, lobsters, snow crabs, fish, mussels, oysters and much more. Every day their customers enjoy an array of fresh products from the local fisheries. You can also buy your ready-to-eat lobster as a "take-out" and have the experience of eating it by the water with fresh breezes from the local bay.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

$1,100,000 plus inventory.

2022
Revenue: $1,500,000
SDE: $290,000

2021
Revenue: $1,450,000
SDE: $310,000

2020
Revenue: $1,320,000
SDE: $310,000

2019
Revenue: $1,315,000
SDE: $250,000

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The property includes three buildings - the shop, a house with garage, and a freezer building.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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