Northeast Seafoods
Amanda Bartlett
Our Situation
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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
• Contracts with distributors (30% of annual sales)
• Inventory of about $220,00 0
• Warehouse of 18,000 square feet with
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freezers
saws
packagers
other equipment
• Shipping facility
Three months worth of all major
supplies
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
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Great Investment Opportunity
Thriving Business
Potential for High Profits
Excellent Location