Northeast Seafoods
LaShunda Bonner
Our Situation
• 27 years in business
• Debt free
• International network of 45 suppliers
• 400 regular customers
• Customers are Grocery Store and
Restaurant Chains
Experienced employees
– general manager
– five division managers
– fifty staffers
Our Assets
• 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
– freezers
– Saws
– packagers
– other equipment
• Shipping facility
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