Lobster & Seafood Pound - specializing in live lobster storage and processed ground fish. The company’s direct procurement from local harvesters, as well as seafood distributors across Atlantic Canada, sets the stage for their operations. They store, package, and distribute their products to markets across Canada, the United States, Europe, and Asia.
- Asking Price:
- $8,900,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $49,500,664 (CAD)
- Cash Flow:
- $2,257,431 (CAD)
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
The company's strategic location places it along the shores adjacent to the world's most profitable fishing grounds, frequented by numerous harvesters. Their facility comprises numerous buildings dedicated to live lobster storage and fish processing.
Business Operation
- Expansion Potential:
-
According to a recent market research study, the demand of global lobster market size & share in terms of revenue was valued at USD 5.7 billion in 2022 and it is expected to surpass around USD 10.3 billion mark by 2030, growing at a compound annual growth rate of approximately 5.1% during the forecast period 2023 to 2030.
- Competition / Market:
-
The company competes directly with other lobster buyers in the region, with business primarily influenced by well-established relationships with key employees that have evolved over time. Location and providing high-quality service to the harvesters and other customers are pivotal factors in its success.
- Reasons for selling:
-
The owner wishes to pursue other interests and there is no one to whom they can pass on the business.
- Trading hours:
-
Varies / Seasonal
- Employees:
- 14 FT/21 PT
- Years established:
- 7
Other Information
- Support & training:
-
Will train for 52 weeks @ $104K.
- Furniture / Fixtures value:
- $2,128,123 (CAD) - included in the asking price
- Inventory / Stock value:
- $4,670,195 (CAD) - included in the asking price
