The company is a seafood wholesaler that focuses on supplying high-quality seafood at competitive prices across the nation. The company imports, processes, and distributes scallops, haddock, cod, salmon, halibut, and crabmeat among other types of fish and seafood products throughout the continental United States and Hawaii

Key Aspects

Average gross profit margin of 13.9% from 2018 through 2021
Company revenue grew 65.5% from 2020 to 2021
Revenue has grown at a compound annual growth rate (CAGR) of 9.7% from 2018 to 2021
The company continually seeks new suppliers to ensure quality and to reduce risk of shortages
95% repeat customer rate according to management

Opportunities

Expand marketing and advertising efforts to increase the total addressable market of restaurants and distributors aware of the company, and using the it as their primary supplier of seafood
Expand selection of specialty fare that can be sold in higher[1]margin markets
Capitalize on the expected acceleration of seafood prices and consumption per capita, driving an increase in demand from grocery stores and other retailers

Headquartered

Northeast US

Current Markets

The company serves as a primary distributor of seafood products for restaurants, seafood retailers, and distributors across the country. The firm supports customers from the East coast of Maine to the shores of Hawaii provisioning fresh, reasonably priced seafood.

Real Estate

The company leases a 15,500 sq. ft. processing and cooler facility from a related entity that is not included in the sale. The lease is active through 2028.

Shareholder Objectives

The owner is seeking to prepare the company for his retirement and is willing to stay onboard in an operational capacity to ensure a smooth transition of ownership. The owner believes the company is in a good position for a new owner to capitalize on recent and future growth.

Benchmark International

Benchmarks Exclusive Opportunities

Premium Fish and Seafood Wholesaler – BN000040946

Premium Fish and Seafood Wholesaler – BN000040946

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