Northeast Seafoods Paul Neibaur
Our Situation 27 years in business Debt free 19% to 28% profit margin over last ten years International network of 45 suppliers 400 regular customers
Our Assets Three month’s worth of all major supplies Inventory of about $220,000 Warehouse of 18,000 square feet with freezers, saws, packagers, other equipment Shipping facility Experienced employees: general manager, five division managers, fifty staffers Contracts with distributors (30% of annual sales)
Profitability Seafood sales levelled of in early 1990s, but still strong in 2003 Projected steady sales 2002 gross revenus: $17.5 million 2003 gross revenus: $16.8 million
Financial Arrangements Asking price: $3.7 million Requirements: $800,000 down, $2-million preapproved Small Business Administration loan Remainder financed by seller’s mortgage
Summary Great Investment Opportunity Thriving Business Potential for High Profits Excelent Location