Northeast Seafoods
Kara Thorne
Our Situation
• 27 years in business
• Debt free
• International network of 45 suppliers
• 400 regular customers
• Regular customers
 Large grocery stores
 Restaurant chains
• 19% to 28% profit margin over last ten
years
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
• Packager
• Other equipment
• Shipping facility
Three Months Worth of All Major
Supplies
Inventory of About $220,000
Warehouse of 18,000 Square
Feet With
• Freezers
• Saws
• Packager
• Other equipment
Shipping Facility
Experienced Employees
• General manager
• Five division managers
• Fifty staffers
Contracts With Distributors
(30% of Annual Sales)
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
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