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 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 the purposes of 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.
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 own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator
The facility's size is at 4,104 sq.ft. which is built in 2020.
They currently have a 45,000lb lobster holding tank and are presently expanding the building that could hold another 45,000lb tank.
