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Northeast Seafoods

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... Neibaur. Our Situation. 27 years in business. Debt free ... Warehouse of 18,000 square feet with freezers, saws, packagers, other equipment. Shipping facility ... – PowerPoint PPT presentation

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Title: Northeast Seafoods


1
Northeast Seafoods
  • Paul Neibaur

2
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

3
Our Assets
  • Three months 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)

4
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

5
Financial Arrangements
  • Asking price 3.7 million
  • Requirements 800,000 down, 2-million
    preapproved Small Business Administration loan
  • Remainder financed by sellers mortgage

6
Summary
  • Great Investment Opportunity
  • Thriving Business
  • Potential for High Profits
  • Excelent Location
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