In the ever-growing wholesale fish industry, this business has been a trusted distributor for over 90 years, serving the city with a variety of top-quality fresh seafood from its state-of-the-art facility in Hunts Point, NY. It has seen consistent growth throughout various economic challenges and is scalable with room for growth by offering other seafood products currently available to the business, including frozen fish. The current owner has grown the business over the past 50 years and has operated remotely for the last 15+ years, putting in only a handful of hours each week.
- Asking Price:
- $3,999,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $35,719,934
- Cash Flow:
- $804,703
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $13,492.00
Square Units (Foot, Meter): 8,200
Lease Expiration Date: August 14, 2050, 8:59:00 PM
- Location:
-
Facilities: On November 14, 2005, the Fulton Fish Market which is the largest consortium of seafood wholesalers in the country, relocated its operations to the Hunts Point Food Distribution Center in the Bronx to an indoor fully refrigerated HAACP facility - The New Fulton Fish Market. The 400,000 square foot cooperative facility constructed by NYC at a cost of over $86,000,000, houses 37 seafood wholesale businesses with attractive long-term leases. These businesses offer the freshest and most diverse selection of seafood combined with competitive pricing and year-round availability.
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday-Friday 1AM-11AM
- Employees:
- 17
- Years established:
- 1929
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 4
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Terms:$400,000.00 Interest:8% Term Months:36 Monthly Payment:$12,534.55
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $150,000 - included in the asking price
