Northeast Seafoods Mary Martinez

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Northeast Seafoods
Mary Martinez
Our Situation
• 27 years in business
• Debt free
• International network of 45 suppliers
• 400 regular customers
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 off 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: $800,00 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
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