ABOUT THE LISTING
We are thrilled to present a rare and exceptional opportunity to acquire a well-established seafood processing company with a proven track record of success. This longstanding seafood processor company is continuously expanding with a registered CFIA-approved plan.
Key Features:
• Situated in a strategic coastal location, this facility benefits from easy access to fresh catches, ensuring a consistent and diverse supply of lobster products.
• Well-equipped processing facilities that adhere to the highest industry standards, this includes cutting-edge technology for efficient production and quality control.
• This business consistently generates impressive revenue and profitability figures, making it an attractive investment for those seeking a lucrative venture in the lobster industry.
Whether you're an industry expert looking to expand your portfolio or a savvy entrepreneur seeking a stable and profitable venture, this seafood processor company offers a unique opportunity!
The sale is structured as an Asset sale. For this offering, the price considers Working Capital to be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
FINANCIAL INFORMATION
Historical Normalized Financials and Seller's Discretionary Earnings
2024 Projections with the Approved License Plan
Total Revenue: $58,095,000
SDE $7,790,000
2022
Normalized Revenue: $13,870,000
SDE: $1,525,000
2021
Normalized Revenue: $15,715,000
SDE: $1,280,000
2020
Normalized Revenue: $4,780,000
SDE: $735,000
* 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 calculations here:
REAL ESTATE
The facility's size is at 4,104 sq. ft. which was built in 2020.
They currently have a 45,000lb seafood holding tank and are presently expanding the building that could hold another 45,000lb tank.
For more information on this listing, please complete our Non-Disclosure Agreement
