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Wholesale Fish Processing And Lobster Pound For Sale

Not Disclosed., Nova Scotia, Canada
Asking Price:
$5,900,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$10,370,779 (CAD)
Cash Flow:
$453,063 (CAD)

Fish and lobster pound specializing in live lobster holding and packing for export. Utilizing a combination of storage methods, from individually slotted, as well as traditional floater tanks – they employ a range of holding systems to support a variety of live lobster storage. In addition, along with supplying bait for various fisheries, the company produces an assortment of dried and salted fish for a maritime based company who distribute a variety of fish products around the globe. And as well the company is one of the few businesses providing fresh ice, certified by the Canada Food Inspection Agency, primarily to the fishing industry throughout Nova Scotia.

Property Information

Real Estate:

Real Property Included

Premises Details:

The plant encompasses thirteen buildings housing various live lobster tanks, fish processing, ice house, cold storage along with various sheds that support fishing operations.

Business Operation

Expansion Potential:

The plant is located in the southerly part of Nova Scotia, Canada. This area is considered the ‘Lobster Capital of the World’, near the world’s most lucrative lobster fishing grounds.

Competition / Market:

The live lobster fishery has many competitors and each wharf in the Province would have a local market operating. For fish processing there is a direct relationship for many years with one distributor. The company does not anticipate any changes. For ice there are few competitors regionally and the company transports ice all over Nova Scotia.

Reasons for selling:

Owner is retiring.

Trading hours:

Monday-Saturday 8am-4pm

Employees:
15 FT / 35 PT
Years established:
63

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Furniture / Fixtures value:
$1,785,053 (CAD) - included in the asking price
Inventory / Stock value:
$294,557 (CAD) - included in the asking price

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