Inventory Basis:at cost, additional
This phenomenal business was established decades ago and has a stellar reputation among its customers. It offers all types of fresh and frozen fish and seafood and an array of delicious prepared items ready to take home. This specialty shop is filled with fresh fish fillets, frozen seafood, shellfish, lobsters, crabs, soups, uncooked entrees, salads and a wide variety of high-quality products, freshly baked bread and dry foods from locally owned businesses in Connecticut. The freshest products, a wide variety of choices and friendly and professional staff satisfy even the most discerning customer. The Company has a huge following of loyal clientele from all over the state.
With sales way over $2m and cash flow of almost $500k, this business has been growing every year for the last 15 years and keeps growing inspite of any economic downturn or COVID-19 pandemic. In fact, the Company’s revenue increased for 33% in 2020 compared to 2019 and is on a way for another 20% growth in 2021 compared to 2020.
The Company also has strong ties with nearby communities and businesses. It is advantageously situated and attracts lots of year-round local and seasonal touristic traffic. Additionally, it has media awards and recognition.
There are numerous opportunities available for the new owner to grow the Company further.
This Company will be a great acquisition for a first-time business buyer or a seasoned entrepreneur. It is a way to unleash that entrepreneurial spirit and encourage small business sales by promoting Connecticut made products. The knowledge and reputation, loyal clientele and years of experience, which the sellers will pass to the new owner, almost guarantee success and are the perfect foundation for further growth.
The spacious, bright, and welcoming premises are also offered for sale for an additional cost of $450,000. This stand-alone building is located on a heavily traveled roadway with great visibility in a very nice town. Significant off-street parking is available.
BUSINESS WAS PREQUALIFIED FOR AN SBA LOANEmployees:
The seller will provide support necessary for a smooth transition
office: (203) 442-4114
cell: (203) 918-9642
fax: 1 (203) 286-2601