Bristol Bay, Alaska Salmon Set Net Operation

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Profitable Alaskan Commercial Fishing Business
Asking Price:
$495,000

Gross Revenue:
$130,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$95,000
not included in asking price

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Business Description

Top producing Bristol Bay, Alaska commercial set-net salmon fishing business for sale. Everything you need to run a profitable salmon fishing business in Alaska with a very minimal time commitment (4-5 weeks each summer). Simply catch the salmon using a gill net then deliver the catch to a tender boat nearby. No cleaning or packaging of the fish. Includes 2 state of Alaska, Bristol Bay limited-entry set-net permits, 4 State Leased sites (450' ea and renewable every 10 yrs) located in the Kvichak district just north of Naknek, AK. Includes 2 welded aluminum boats with low hours Evinrude power and Maritime Fabrication hydraulic rollers. One of the boats was custom built in 2018 in Pt. Townsend WA and shipped up, 28’ x11’ and new 250hp Evinrude for power, dual power rollers (cost $100,000 -have receipts). This new boat will pack 16,000 lbs. Owner would consider selling the new boat separately, thereby reducing the purchase price to $395,000. Also included are 6 new nets (never used), anchors, lines and all supporting equipment needed - too numerous to mention. Includes a 1996 4x4 ford f-250 in good working condition and boat trailer. The cannery we sell our catch to will store your boats and gear for the winter, 2 net lockers at the cannery are included. Off the grid summer squatters cabin with all contents to live comfortably at Koggiung (AKA Graveyard Pt.) including generator, heater, dishes, ect. Graveyard Point is an old cannery with all buildings converted to cabins. There are approximately 150 fisherman staying at Graveyard Point during the fishing season. All equipment has been continuously updated and meticulously maintained. This operation has supported 2 families for the past 28 years and our kids paid for their college educations by working at the site. It takes 2+ people to run the business as only one permit is allowed per person. We use a total of 4, 2 captains and 2 crew. Great husband/wife/family operation. The main sockeye salmon season runs from June 17th through July 23rd. We fly up on June 10th - 15th range and fly home on around July 22nd. Although, the Coho Salmon (Silvers) run in August and the license is good for that as well if you want to stay longer and make more money. Expenses average around $8k including airfare. The return is nearly 25% ON AVERAGE!! We have catch records for every day we have fished since 1991 totaling over 2.2 million pounds. Sellers will offer complete set-up and training assistance this spring and ongoing phone support. Verizon provides phone and e-mail service to the area. Data is somewhat limited at the fishing camp but cell phone and e-mail work fine with a booster. Data plans may be available in 2019. Also, would consider including a cabin/storage building on 4.5 acres near the Naknek River in nearby Naknek for an additional $95,000. This is a great supporting structure/storage area with well, septic, new appliances (washer, dryer, stove, refrigerator) and a 20’ storage container. The property is not required to run the business although is very convenient for pre and post season. This is a complete, turn-key, and top producing package with catch records to support the value. Serious inquiries only.

About the Business

Location:
Naknek, Alaska
Year Established:
1991
Number of Employees:
2
Real Estate:
Owned
Building Sq. Ft.:
1,200
Market Outlook/
Competition:
The domestic market for wild Alaskan sockeye Salmon continues to improve
Growth & Expansion:
The state of Alaska limits entry to these types of fisheries. Permits must be purchased from a permit holder wishing to exit the fishery. Only one permit per person so would take 2 to operate.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Initial set-up and ongoing phone support

Listing Info

ID:
1613492
Ad Detail Views:
0

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Business Listed by

John Herrity

Hayden Outdoors
License# IA.100068813

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U.S. Census Data for Bristol Bay Borough County, AK
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bristol Bay Borough County, AK
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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