SOLD

Wholesale Seafood Distribution - Newcastle

NSW
Wholesale Seafood Distribution - Newcastle

Last asking price $430,000

Sold March 2022

Food & Drink, Food & Drink, Food & Drink

This business is a rare find with not many competitors in this space and would provide buyers with so much confidence and opportunity supported by a 50% return on investment.
The business has delivered consistent and steady financial growth over the last 5 years and even through Covid 19 had a great financial year.
The business operates from one location and includes a thriving shop front accounting for around 40% of sales and large rear area dedicated to wholesale preparation and packaging ready for deliveries which accounts for around 60% of sales.

KEY FEATURES/ SALE HIGHLIGHTS INCLUDE:
•    Established for over 50 years
•    Limited to no competition – specialised service
•    Turnover of around $1.6M
•    Adjusted Net Profit $230,000.
•    Retiring owner works a few hours per week doing admin
•    Servicing Newcastle & Lake Macquarie
If you are interested in finding out more about this quality opportunity, please email the exclusive selling agents xxxxx or call the office on 1300BROKER (xxxxx)

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