Quality Fish Retailer with High Sales Volume! (37945)

Massachusetts

Seller Financing Available

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Asking Price:$325,000
Gross Revenue:$1,632,971
Rent:$2,348/Month
Established Year:1984
Cash Flow:$81,981
Inventory:$16,500
FF&E:$150,000
BUSINESS DESCRIPTION

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!


DETAILED INFORMATION
Location
Massachusetts
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,100
Lease Expiration
01/01/2025
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
Standard SBA-term financing will be negotiable for qualified buyers.
Support & Training
Cross-trained team likely to continue operations with possibility to streamline into absentee after transitioning.
Reason for Selling
Health reasons & Burnout.
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Jason
Hullender
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Jason Hullender