42 Year Old Wholesale Fresh Fish Distribution and Retail Shop w/ Land

Asking Price$650,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,794,010

Inventory$60,000
Not included in asking price
FF&E$188,605
Included in asking price
Real Estate$340,000
Included in asking price
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42 Year Old Wholesale Fresh Fish Distribution and Retail Shop w/ Land


Asking Price$650,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,794,010

Inventory$60,000
Not included in asking price
FF&E$188,605
Included in asking price
Real Estate$340,000
Included in asking price

Seller Financing Available
Business Description
Established in 1982, this thriving wholesale fresh fish distribution and retail operation represents a rare opportunity to acquire a turnkey business with over four decades of proven success. Located in Morganton, NC, this profitable enterprise generates annual revenue of $1,794,010 and serves an established network of restaurants and retail customers throughout the region.

The comprehensive sale package includes owned real estate valued at $340,000 consisting of two lots on Fleming Drive with a 1,860 square foot building on the main lot. The business comes complete with a full fleet of five delivery trucks, all necessary equipment valued at $188,605, and current inventory valued at $60,000.

This franchise operation has built strong relationships within the community over 42 years, with countless restaurants depending on the business for their seafood supply. The seller reports significant growth potential with many existing accounts in place and additional requests for service that could be developed by a new owner.

The current owner is retiring to Panama and offers exceptional post-sale support, committing to comprehensive training and knowledge transfer for however long necessary. This includes passing along all client contacts, supplier relationships, and operational expertise accumulated over four decades of successful operation.

Financing is available with the seller offering owner financing options with a substantial deposit. The business is fully relocatable and ready for immediate operation, making this an ideal opportunity for an entrepreneur seeking an established, profitable venture in the food distribution industry.

With strong revenue performance, owned real estate, complete equipment package, and extensive owner training included, this represents a unique chance to acquire a well-established business with significant growth potential in Western North Carolina's market.
About the Business
Years in Operation
43
Employees
9 (6 Full-time, 3 Part-time)
About 8-9 employees, sometimes more in the summer
Currently Relocatable
Yes
Franchise
This business is an established Fisherman's Catch franchise
Facilities & Assets
Retail Store/Restaurant & Wholesale BUSINESS - EVERYTHING INCLUDED
2 Very Valuable Lots + Building
5 Trucks Included:
• 2019 Isuzu (x2)
• 2000 Isuzu
• 2006 GMC
• 2016 Chevy

Fully Equipped:
• $50K Retail/Restaurant Equipment
• $30K Freezer (New Thermo King)
• $25K Cooler (New Compressor)
• 3 Outdoor Coolers
• $5K Truck Parts/Tools
• $5K Inventory (Boxes/Bags)

Retail Storefront Leased at $1,250/Month
Wholesale + Retail Business System Included
Website
https://www.facebook.com/FishermansCatch2/
Market Outlook / Competition
Business is booming and set up for new owner to take the reigns. Opportunity for Major Growth! Seller will train and will hand over all contacts, clients and keys to the business!
Opportunities for Growth
Many accounts in place with many more requests. Seller is getting older and wants to pass along all his knowledge to the new owner that will take over what he has built over the past 42 years
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
1,860
About the Sale
Seller Motivation
Seller is looking to retire with his wife in Panama, he is getting older and is
Transition Support
SELLER WILL STAY AND TRAIN NEW OWNER, HOWEVER LONG IT TAKES!
Seller will coach, train and pass along 42 years of knowledge to the new owner. Community loves and depends on this business. Countless restaurants get their seafood from this operation, with room for growth.
Financing Options
Seller will offer financing with a substantial Deposit
Listing Info
ID
2426906
Listing Views
12
Business Location

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Business Listed by: Paulo Benedeti

Listing ID: 2426906 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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