SOLD! Leading Seafood Wholesale Business For Sale – Melbourne

This is a rare opportunity to secure a profitable wholesale seafood business with a long established history operating from a prime Melbourne wholesale market location. Business has strong cashflow, quality facilities, regular customers, reliable suppliers and trained staff. Perfect business for those from hospitality, retail or wholesale background as owner will assist with training.

Business Highlights

• Weekly taking between $400,000 to $600,000
• Operate from prime wholesale market location servicing the majority of Melbourne seafood trade buyers
• Handling between 40 to 60 tons per week of mainly fresh seafood (such as fish, prawns, oysters, crayfish etc)
• Established suppliers from across Australia
• Operates five and half days per week, with Saturday mainly for delivery only
• Weekly rent of $3,000 with a lease term of more than 10 years to go
• Price include wholesale stall, quality fitout including walk in cool room, freezers, offices, delivery trucks and vans

The Vendor will assist new owner with training, handover, introduction to customers and dealing with suppliers for upto 12 months after settlement.

This business is perfect for a family or partnership looking for a business where their hands-on involvement can be rewarded.

A business of this size typically requires access to A$2.5m to A$3.5m to buy and to fund the working capital. For the right purchaser, the owner is offering to assist the purchaser to build up the business and credit arrangement with suppliers over a period of 6 to 12 months. This will allow a purchaser to step into this strong cashflow business with a substantially lower upfront investment in the vicinity of A$1.5m.

Asking Price $950,000 + Stock at Valuation