REDUCED! Seafood Market West TN has Freshest Catch, Loyal Following.

Madison County, TN

Freshest Catch in TN

Asking Price:$122,000

Cash Flow:$42,458

Gross Revenue:$256,704




Rate/Sq. Ft.:N/A


REDUCED! Seafood Market West TN has Freshest Catch, Loyal Following.

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Business Description

Shuttling fresh domestic gulf seafood to two seafood markets, one in Middle Tennessee and the other in West Tennessee, has exploded the family legend started in Florida in the 1950s.

Walking into either market feels like being transported right onto 30A in Florida, where the options are endless and exactly to your taste. Counters welcome customers with row after row of fresh crab legs, shrimp, scallops, fish, and even pints of oysters that rival any "fresh" shucked that a nearby might grocer might be promoting.

TheWest TN store was relocated to the higher traffic location within the last months: annualizing returns from first quarter 2016, the store's cash flow looks to improve in the neighborhood of 175%.

$130,000 includes FF&E of $33,825.

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1100 sf foot store in a high-traffic location, on one of the main arteries of this mid-sized West Tennessee city. Lease is month-to-month with option to renew.
Renowned as the freshest catch from the gulf in two Tennessee locations for many years, no other local grocery positioning itself as exclusively a seafood market offers a more extensive selection of the freshest available. Local groceries' imports come in once/week.
Growth & Expansion:
Events / specials posted on Facebook often result in sell-out. Store features some cooked food and events on-site, but the owners also cater- another opportunity for expansion. There are a few in-store processed product offerings: rubs, seasonings etc., currently, so the development of branded products under the strong name (available with purchase) might be another opportunity. Multi-generational fan base, growing every day. Current marketing is all digital- Facebook sites have been very successful- the FaceBook site has almost 5,000 'Likes'
Support & Training:
Owners will remain for a negotiable period of training and transition. Furthermore, the owners currently make twice-weekly runs to the coast for the inventory- they will continue to be involved– proposing to deliver the seafood the store as they currently do, at the same cost shown in their financials today.
Reason for Selling:
more time with family

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William Oates

Business Listed By:
William Oates

Alliant Capital Advisors LLC

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Sponsoring Broker:
Bill Marrero

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