Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Canadian Seafood Export Business For Sale

LISTING DETAILS
Firms For Sale ID:
32783
Vendor reference:
2963
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$12,600,000
Net profit / cashflow:
$726,000
Years established:
17
Number of employees:
12

OTHER DETAILS
Reason for selling:
Ownership is interested in diversifying its business interests and understands that new, more aggressive ownership could more effectively pursue the tremendous growth opportunities currently available to the Company.
Support and training:
Management will remain to facilitate a successful transition to new ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
• Well-respected Canadian seafood company export business, specializing in live lobster
• Sales of C$12.6MM in 2012 with EBITDA of C$726,000 (All financial data is expressed as Canadian C$)
• Current year sales as of 3/31/13 are tracking C$14MM—11 percent growth over 2012, with YE2013 EBITDA projected to be C$1 million+.
• With a sizeable export business, this seafood company has sold an average of more than 900,000 pounds of live lobster per year since 2006.
• With an expansive live lobster holding facility, there is tremendous opportunity for growth by exporting a wide range of seafood products—in addition to Canadian lobster.
• State-of-the-art technology is employed in all live lobster processing and live lobster storage systems to maintain optimum quality and health.
• This seafood export company enjoys well-diversified customer markets in several European and Asian markets.
• More than a dozen new customer relationships have been developed in emerging markets within the last twelve months. Sales in these markets have increased more than 500 percent since 2009.
• Tremendous growth opportunities exist for this seafood company through increased business development efforts, the introduction of new seafood export products and through further penetration of new and current geographic markets.

Expansion Potential
Management is confident that this seafood export company is well positioned to leverage its well-earned reputation for consistently high quality Canadian lobster, and its strategic location to pursue tremendous growth.

A rapidly growing China market presents tremendous opportunity for further growth of the Company’s export business. More than a dozen new customers within this enormous market have been procured during the last twelve months, reflecting huge prospects for significant future growth.

This seafood company’s strong customer relationships and long-standing reputation present exciting opportunities to increase market share, especially its export business. Intensified business development efforts, geographic expansion, and introduction of new seafood export products present exciting areas for seafood distributors to seek immediate growth through the injection of capital and human resources.