Leading Seafood Processor with Large Scale Facility for Sale
Business Description
The company has experienced tremendous growth over the years and is ready to transition to a purchaser to further grow the company.
Several areas for growth have been identified:
Expanding private label business to more regional and national companies. The SQF certification is an important designation that the company holds to allow them to expand this line of business.
Expanding e-commerce – this is an area that has seen exponential growth year over year. A purchaser with experience in this area may want to focus on this expansion opportunity for direct-to-consumer frozen fish and shellfish products. The company has already shown success with their New England Style Fisherman's Platters and New England Clam Chowder Kits that are direct to consumer.
A strategic purchaser with strong customer relationships and synergistic products can immediately start distributing these products to their customers. They can also potentially use the company's manufacturing facility to process their existing product lines.
Several areas for growth have been identified:
Expanding private label business to more regional and national companies. The SQF certification is an important designation that the company holds to allow them to expand this line of business.
Expanding e-commerce – this is an area that has seen exponential growth year over year. A purchaser with experience in this area may want to focus on this expansion opportunity for direct-to-consumer frozen fish and shellfish products. The company has already shown success with their New England Style Fisherman's Platters and New England Clam Chowder Kits that are direct to consumer.
A strategic purchaser with strong customer relationships and synergistic products can immediately start distributing these products to their customers. They can also potentially use the company's manufacturing facility to process their existing product lines.
About the Business
- Employees
- 113
- Facilities & Assets
- Operations are housed in a state-of-the-art facility that allows the company to optimize its
production. The company has invested significantly in ample freezer space to maximize opportunities
for conversion of fresh to frozen products. - Market Outlook / Competition
- The global seafood market size was USD 358.68 billion in 2023 and is projected to grow from UD 386.73 billion in 2024 to USD 837.17 billion by 2032, exhibiting a CAGR of 10.14% during the 2024-2032 period. Asia Pacific dominated the seafood market with a market share of 43.66% in 2023. The seafood market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 112. 34 billion by 2032.
- Opportunities for Growth
- The company has experienced tremendous growth over the years & is ready to transition to a purchaser to further grow the company. Expanding private label business to more regional & national companies. The SQF certification is an important designation that the company holds to allow them to expand this line of business.
Expanding e-commerce – this is an area that has seen exponential growth year over year. A purchaser with
experience in this area may want to focus on this expansion opportunity for direct-to-consumer frozen fish
and shellfish products.
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2351634
- Listing Views
- 500
Listing ID: 2351634 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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