Newly Established Fishing Business Investment Opportunity in Saint George, Grenada
Yellowfin tuna fishing and supplying business based in Grenada with an established US distributor.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | USD 50 thousand |
| Run Rate Sales | USD 300 thousand |
| EBITDA Margin | 37 % |
| Industries | Fishing |
| Locations | Saint George |
| Local Time | 12:57 AM America / New York |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
75 thousand
for
30.0%
stake
(Native Currency: USD 75,000)
Reason: We are seeking investment to upgrade the bait well and acquire additional fishing gear and equipment...
View More
Includes physical assets worth
USD
200 thousand
Business Overview
- The business runs commercial tuna fishing operations in the Caribbean, focusing on the fishing and supply of yellowfin tuna.
- It covers the Atlantic Ocean and the Caribbean Sea, utilizing the longline fishing method to catch an estimated 80 to 120 tuna per trip, with a selling price of approximately USD 400 per 100-pound tuna.
- With an average of two trips per month, the business anticipates generating between USD 30,000 and USD 45,000 per trip.
- There is an existing purchase agreement in place with a distributor in Miami, who in turn sells the tuna to fish distributors throughout the USA.
- The owner has deep-rooted experience in fishing, coming from a family of fishermen and growing up on an island in Grenada.
- The company holds the necessary approvals and registrations from the fishery department to conduct fishing operations in the specified location.
- The business currently comprises a crew of 4 deckhand men and 1 captain.
- This listing is posted by the owner of the business who is based in the USA.
- Business was established last year and there were fewer sales since the operations were on and off due to the seasonality and operational setup challenges faced. However, the sales have started to improve this year due to an established supply chain and successful operations carried out during the peak tuna season.
- It covers the Atlantic Ocean and the Caribbean Sea, utilizing the longline fishing method to catch an estimated 80 to 120 tuna per trip, with a selling price of approximately USD 400 per 100-pound tuna.
- With an average of two trips per month, the business anticipates generating between USD 30,000 and USD 45,000 per trip.
- There is an existing purchase agreement in place with a distributor in Miami, who in turn sells the tuna to fish distributors throughout the USA.
- The owner has deep-rooted experience in fishing, coming from a family of fishermen and growing up on an island in Grenada.
- The company holds the necessary approvals and registrations from the fishery department to conduct fishing operations in the specified location.
- The business currently comprises a crew of 4 deckhand men and 1 captain.
- This listing is posted by the owner of the business who is based in the USA.
- Business was established last year and there were fewer sales since the operations were on and off due to the seasonality and operational setup challenges faced. However, the sales have started to improve this year due to an established supply chain and successful operations carried out during the peak tuna season.
Products & Services Overview
This business is into fishing and supply of yellowfin Tuna from the Atlantic Ocean and the Caribbean Sea utilizing the longline fishing method.
Assets Overview
The business's main tangible asset includes the boat equipped with a 490 HRP Cummins engine and all necessary fishing equipment and gears like a reel line and rubber dinky.
Facilities Overview
The business is operated solely out of the owned commercial fishing boat which has an area of 53 ft.
Capitalization Overview
There are two shareholders in the business with an equity split of 51% and 49%There are no outstanding debts as a part of the company.
Tags:
Newly Established Fishing Business Investment Opportunity in Saint George, Grenada
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·Newly Established Fishing Business Investment Opportunity
·Investment Opportunity in Saint George, Grenada
·Invest in Newly Established Fishing Business
·Invest in Saint George, Grenada
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