Please ensure Javascript is enabled for purposes of website accessibilityTownsville's Iconic Ingham Road Seafood is For Sale Profits $843k | Transworld Business Advisors

Townsville's Iconic Ingham Road Seafood is For Sale Profits $843k

Description

This is a well-established seafood retailer that has been operating for over four decades. The business has developed a strong retail and wholesale customer base since its inception.

History
Established over for 4 decades.

Revenue
$7,045,135 pa

Rent
$62,096 pa

Net Profit
$843,645 pa

Location Details
North Queensland

Lease
The commercial property is to be sold with the business. The property has been valued at $950,000.

Reason for Sale
The owners are desirous of pursuing new interests.

About the Business
This outstanding business has established itself as the largest seafood retailer in North Queensland. Their customers are diverse from retail and wholesale customer segments.

Ingham Road Seafood has an excellent reputation in the area. There is a fully equipped property included with the sale with a purpose-built factory and production plant for $950,000.

Business Highlights
o Rewarded & recognised as a high-quality Seafood Business
o High product turnover with minimal waste
o Retail represents 65% of turnover & 35% of turnover
o Business is on the higher end of the pricing structure for its quality & brand
o Business is operational 365 days of the year & open 7 days weekly
o Owners work 5 days per week & there is a manager in place to oversee operations
o The premises are also available for sale and offers 30% for expansion
o $80,000 worth of refurbishments (external walls and facade, floors, internal
walls, ceilings, roof, flooring, shopfront & lighting)
o North Queensland offers a great lifestyle as is a booming economy

Don't let this gem pass you by.

Enquire Today
3155 6333

Listing Details

  • Listing Number: 96931-556877
  • Location: Townsville City, Queensland
  • Price: 3,750,000.00
  • Down Payment: 37,500.00
  • Sellers Discretionary Earnings: 0.00
  • Category: Food Business Retail

  • Inventory: 0.00
  • FF&E: 0.00
  • Employees:
  • Years Owned:
  • Reason for Selling: Owner wants to focus on other ventures

Business Listed By: