Unique Seafood Retail Store - Gas Station/Convenience Store

East Rochester, NY (Monroe County)

Unique Seafood Retail Store - Gas Station/Convenience Store

Asking Price:$3,250,000

Cash Flow:N/A

Gross Revenue:$4,600,000

EBITDA:$253,000

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Unique Seafood Retail Store - Gas Station/Convenience Store

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Business Description

Unique Seafood Retail Store - Gas Station/Convenience Store East Rochester, NY (

The Company is one the largest suppliers of Calms and Live Main Lobster in upstate NY, they operate a unique retail gas station/convenience and seafood store, specializing in Live Main Lobster and Clams. The store features Authentic Main Lobster Holding Tanks which at any given time holds more than 4,500 lbs. of live main lobsters.

In 2015, revenue was derived from fuel (65% of sales), fresh and frozen seafood (23%), fuel station retail store (6%), and prepared seafood (6%).

While most sales are retail to Individual consumers, the Company sells to several wholesale accounts, Including restaurants, country clubs, and police and fire departments. No one customer contributes a material portion of revenue. Sales are primarily to its local market, but also ships seafood to other locales.
The Company's prepared seafood operations are located in a facility seven miles away from its primary gas station, convenience store, and fresh and frozen seafood location. The Company owns both facilities, and prefers to sell the real estate in conjunction with the business sale. The facilities are currently staffed by seven full-time and three part-time employees.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
7
Facilities:
The Company owns both facilities of Gas /Service station with Convenience Store and a Seafood production facility few miles away. The owners prefers to sell the real estate in conjunction with the business sale. Ownership estimates fair market value to be around 3.25MM inclusive of the real-state and the business.
Growth & Expansion:
The Company enjoys a long-standing (43 years) reputation for its focus on quality products, convenience, and superior customer service. It has an established track record and brand presence, and possesses a favorable reputation for performance within its industry and local market. With diversified customer base no single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Cash Business: Retail customers pay with cash, check, or credit card, generating a steady stream of cash flow.
Financing:
Call
Support & Training:
Owners are willing to remain with the company for a mutually agreeable period after a transaction to facilitate an orderly transition to new ownership.
Reason for Selling:
Gradual retirement

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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Behjati Capital Group LLC Mergers & Aquisitions

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