In Miami, Live "Shrimp & Bait" Fishing and Distribution business - Business for Sale
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Live Shrimp and Bait Fishing & Distribution Business in Miami, FL
Miami, FL, US
Added 26 days ago
Live bait and seafood wholesale distribution
25 years in business
Retiring Owner
This business operates a live shrimp and bait (small crabs and shrimp) fishing and distribution company in Miami, Florida, supplying wholesale and broker clients across the USA and local bait clients from Key West to Palm Beach.
Key Information
Asking
$3.1M
Revenue
$1.9M
Earnings
$622K
Multiple
5.0x
Key Highlights
- Annual sales: $1,908,195
- Business established in 2001 (25 years in operation)
- Assets included: 6 bait fishing boats, 6 tanker trucks, mobile workshop vehicle, equipment in warehouse, licenses, and permits; market value of boats, trucks, and equipment: approximately $675,000
- Warehouse facility: 2,200 sq ft with oxygenation tank systems (4,000 gallon capacity); monthly rent: $1,555
- Customer base: 5 wholesale/broker clients for live shrimp (New York, Dallas, Baltimore, Pennsylvania, Minneapolis) and 66 clients for live bait (Key West to Palm Beach)
- Employees: 1 coordinator, 6 warehouse employees, 4 tanker truck drivers, 6 ship boat captains
- Owner financing available: $310,000 seller note; buyer down payment (equity): $2,790,000
Contact Info
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