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Lobster Plant In Cape Breton For Sale

Cape Breton, Nova Scotia, Canada
Asking Price:
$3,000,000 (CAD)
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

The business is owned by a group of passive investors and has been committed to supplying the world with the freshest and highest quality live seafood (lobster and snow crab. Pulled directly from the home waters in Atlantic Canada, the business management takes great pride in every pound caught and sold. Management works directly with its customers on individual live marketing platforms to bring seafood lovers around the world safe, nutritious and sustainable live seafood products, which set the standard for quality and taste around the world.

The business was incorporated in 2012 as a live seafood shipping operation in Cape Breton, Nova Scotia. In 2016, management made the addition of a newly built live seafood holding facility of 7,500sqft. The building is 50’ x 150’ with 18’ ceilings. The pound is situated in an ideal location in Cape Breton with high lobster landings and a buyer’s license to establish a lobster buy in many lucrative areas off Cape Breton Island.

The market
The global lobster market reached a value of US$ 5.7 Billion in 2018 growing at a CAGR of
16.7% during 2011-2018. Currently, the majority of lobsters are provided by Canada and the
United States of America. The elimination of around 98% of the tariffs between Canada and the European Union under the recent Canada Free Trade Agreement (CETA) has been proactive in boosting Canadian exports to the northern European countries as well as creating new market opportunities in the southern European countries. In line with the decreasing trade in the EU, the US and tropical exporters are turning towards the Chinese market where lobsters have become an integral part of the luxurious dining experience supported by the rising purchasing power of the middle class. Additionally, the improving economic environment in both the developed and developing regions, and recovery in some of the major markets, including Russia and Brazil, are bolstering the market growth. Looking forward, the market is further expected to reach levels worth US$ 13.9 Billion by 2024.
• Based on the species, the market has been segmented as North American lobster, spiny lobster, rock lobster and European lobster. Currently, North American lobsters (Canadian and US) dominate the market, holding the largest share.

Property Information

Real Estate:

Real Property Included

Location:

Cape Breton, Nova Scotia

Size in square feet:
7,500

Business Operation

Expansion Potential:

Current live lobster holding capacity is 200,000 lbs. Room to expand to 350,000 lbs.

Competition / Market:

There is competition in the live lobster industry. That being said the world is your market.

Reasons for selling:

Retirement

Employees:
Up to twelve when operating at full capacity
Years established:
2012

Other Information

Support & training:

Support and Training will be supplied

Contact Muise Mergers & Acquisitions Inc

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