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Businesses For Sale > Business For Sale in Nova Scotia, CANADA (CAN)

Wholesale Fish Processing and Lobster Pound for sale in Nova Scotia, CAN

Nova Scotia, CANADA (CAN)

Asking Price: Gross: Cash Flow:
$ 5,900,000 $ 10,370,779 $ 453,063

Furniture and Fixtures Value:
$ 1,785,053 (included in the asking price)

Inventory Value:
$ 294,557 (included in the asking price)

Real Estate:
$ 3,214,947 (included in the asking price)

Business Summary:
Fish and lobster pound specializing in live lobster holding and packing for export. Utilizing a combination of storage methods, from individually slotted, as well as traditional floater tanks – they employ a range of holding systems to support a variety of live lobster storage. In addition, along with supplying bait for various fisheries, the company produces an assortment of dried and salted fish for a maritime based company who distribute a variety of fish products around the globe. And as well the company is one of the few businesses providing fresh ice, certified by the Canada Food Inspection Agency, primarily to the fishing industry throughout Nova Scotia.

Year Business was Established: 1956
Number of Employees: 15 FT / 35 PT  
Facilities / Terms of Lease: The plant encompasses thirteen buildings housing various live lobster tanks, fish processing, ice house, cold storage along with various sheds that support fishing operations.  
Potential Growth/Expansion: The plant is located in the southerly part of Nova Scotia, Canada. This area is considered the ‘Lobster Capital of the World’, near the world’s most lucrative lobster fishing grounds.  
Competition: The live lobster fishery has many competitors and each wharf in the Province would have a local market operating. For fish processing there is a direct relationship for many years with one distributor. The company does not anticipate any changes. For ice there are few competitors regionally and the company transports ice all over Nova Scotia.  
Owner willing to train: Will train for 4 weeks @ $0 cost.  
Reason for selling: Owner is retiring.  
Seller Reference Number: 9201-14711 Listing Number: 238316