This seafood business, located in a bustling area not far from a busy shopping center, offers top-quality frozen seafood to local customers and Sushi shops. The business owner personally selects premium products from a fish market.
Key Success Factors:
- Prime Location: No direct competitors, with the closest being a fish and chips shop in a neighbouring suburb.
- High-Profit Margin: Specializing in frozen seafood, creating better profit margin than live seafood.
- Efficient Operation: Business runs smoothly with minimum staff, keeping labour cost relatively low.
- Affordable Rent: Keeping total expenses low boosts profitability.
- Wholesale Partnerships: Supplies seafood to Sushi shops for additional revenue.
Growth Potential: Increasing customer traffic through targeted advertising and expanding the kitchen’s menu to include live seafood and Sashimi could further boost the business.
Operating hours:
· 7 days per week
· 9:00 am – 7:00 pm
Key points:
· Size of premises: 137 sqm
· Lease: current to 30 September 2028 with option: 1 x 5 years
· Rent payment on September 2024 was $6,200 including GST.
· Annual rent increase: CPI
· Staffing: owner works full-time with 10 casual staffs including 2 juniors.
· Total sales for the financial year of 2024: $2,270,000
· Net profit before income tax for the financial year of 2024: $285,000
Asking Price: $495,000 + SAV ($170,000 – estimate)
For further information about this business, please complete the Purchaser Registration and Confidentiality Agreement by clicking Forms/Business on xxxxx: or
Please call Sunny on xxxxx
(The image used is for display purposes only and does not reflect the business advertised for sale.)
