<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=404330&amp;fmt=gif">
Red snapper

Wholesale Distributor of Recreational and Commercial Fishing Products

North Carolina
  • Asking Price$4,500,000
  • Revenue$4,450,000
  • Cash Flow$1,200,000
  • Inventory$600,000*
  • FF&E$300,000*
  • Real estate$750,000
  • *INCLUDED IN ASKING PRICE
Form_BG.jpg

CONTACT THE BROKER

team--erik-sullivan
Erik Sullivan
919-263-2550

Business Description

 

In business over 20 years, this wholesaler is one of the most trusted names in fishing products. Its main customers include independent fishing retailers, large “big-box” retailers, commercial fish houses, and wildlife conservation centers.

This business has established an extremely secure foothold in the supply chain. Using its own fleet of vehicles, the company delivers both in-house and third-party products to a large customer base. With very consistent revenue growth over its history and an established foundation, the company is primed to grow for many years to come.

Company Highlights:

  • • Consistent, clean financials
    • Recurring revenue model
    • Several opportunities for growth
    • Long-term customers
    • No customer concentration greater than 10%
    • Established brand
    • Limited competition
    • High barrier to entry
    • Extensive processes and procedures
    • Owner has invested in quality equipment and vehicles

Real estate features a standalone 10,000+ square foot industrial facility with cold storage, warehouse space, staging area with overhead roll up doors, and office space. Buyer must demonstrate financial capability. The business and real estate have been prequalified for an SBA loan package that includes $250,000 in working capital for a Buyer with $750,000 down.

Comprehensive marketing package including detailed video overview available upon initial interview and signing of non-disclosure agreement. To learn more, contact Jonah Pollone at MidStreet at (919) 263-2550 or jonah@midstreet.com. Real Estate offered through MidStreet Realty, Inc.
INVENTORY

Included in asking price

Real estate

Owned; not included in asking price

building square footage

10,000+

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price

Facilities

Well maintained with cold storage capability, overhead doors, and proximity to major markets. Real estate offered through MidStreet Realty, Inc.

Competition

High barrier to entry. While limited competition does exist, this business is one of the largest and most well-known fish wholesalers in the southeast for its product segment.

GROWTH & EXPANSION

Growth opportunities include client acquisition within the existing service area, expanding product offerings for current customer base, growing the company’s service area, and targeting untapped customer segments. Additional opportunity exists to expand company footprint and products through acquisitions.

Support & Training

Extensive onsite transition support and call/email support will be made available and are included in the purchase price.

Reason for Selling

The current owner wishes to relocate for family reasons and focus on other non-competing business ventures.

buyerfinancingbg.jpg

Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
Read Our Guide