Northeast Seafoods
Gary Williams
Our Situation
• 27 years in business
• Debt free
• 19% to 28% profit margin over last ten
years
• International network of 45 suppliers
• 400 regular customers
Experienced employees
• general manager
• five division managers
• fifty staffers
Our Assets
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Three month’s worth of all major supplies
Contracts with distributors (30% of annual sales)
Inventory of about $220,000
Warehouse of 18,000 square feet with
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Freezers
Saws
Packagers
And other equipment
• Shipping facility
• Experienced employees
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general manager
five division managers
fifty staffers
Profitability
• Seafood sales leveled of in early 1990s,
but still strong in 2003
• Projected steady sales
• 2002 gross revenues: $17.5 million
• 2003 gross revenues: $16.8 million
•19% to 28% profit margin over last ten years
Financial Arrangements
• Asking price: $3.7 million
• Requirements: $800,000 down, $2-million
preapproved Small Business
Administration loan
• Remainder financed by seller’s mortgage
Summary
• Great Investment Opportunity
• Thriving Business
• Potential for High Profits
• Excellent Location