Wholesale Seafood Distribution - Newcastle
NSWLast 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)