Asking price: $22,000,000
Reason for sale: Retirement
Company information
- Land Area: +/-6.2 ACRES
- Building Area: 32,550 ft2
- Year of acquisition: 2010
- Established Year: 2004
- Full-time Employees: 10 (administrative positions)
- Part-time Employees: 115 (varies by year)
Financial information
- Annual Sales: $32,009,445
- Monthly Payroll: $29,054 (or 1.1% of income)
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $1,956,253
- Assets Included in the Sale:
land, building, inventory, supplies, furniture, equipment, goodwill
Crab & Lobster & Seafood Processing Plant
This is a company specialized in the processing of fresh and frozen fish and seafood. It is built on six acres of land. This plant is located in northeastern New Brunswick, in the heart of an industrial fishing and fish processing area. It has been in operation since the early 2000s and has been completely renovated in recent years. It enjoys a good reputation thanks to its high-quality products and services.
The company has a licence to process almost all fish and seafood (over 150 products), with the exception of Atlantic salmon and northern shrimp. This Class 2 license is directly transferable to the new buyer. Currently, this business supplies mainly crab (Jonah crab and snow crab) and lobster to local and international markets (USA, Asia, Europe, etc.).
The company buys its fish and seafood from fishermen, traders and plant processors. It also deals with various traders to sell its merchandise on the local market and/or export to the international market (USA, Europe, Asia, etc.).
The plant has all the necessary equipment for the processing of fish and seafood. It should be noted that this industrial equipment is very well maintained and in excellent condition. It also has many loading docks.
This company presents an excellent investment opportunity. First of all, it has a great competitive advantage, since it is one of the few companies in the region to be structured and equipped to operate in all seasons, twelve months a year and twenty-four hours a day. Indeed, the whole building is heated. Another strength of this plant is its versatile processing line. It has two production lines, which allows it to process different products simultaneously (crab, lobster, fish, etc.).
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