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Profitable Seafood Processing Company for Sale in Edmonton, Canada

Company that produces fresh never frozen cold-smoked salmon products is for sale.

Established 20-30 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales USD 394 thousand
Run Rate Sales USD 490 thousand
EBITDA Margin 40 %
Industries Seafood Processing
Locations  Edmonton
Local Time 12:36 PM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 840 thousand (Native Currency: CAD 1,200,000)
Reason: The owner wants to retire.
Includes physical assets worth USD 350 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
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Company Logo
Website
Business Overview
Grand prize winner of Venture prize- business plan competition. ($100,000.00 in cash and in-kind)
Alberta Food Processors Food Award- for best value-added specialty meat, poultry, or seafood product. ($5,000.00 cash prize)
2 years ago, we celebrated 25 years in business!
The company has a vision to "create an unforgettable taste experience for its customers"
Products & Services Overview
We are producers and innovator of fresh never frozen cold-smoked Atlantic salmon lox and other fine salmon products.
Assets Overview
Physical assets include CAD 500k in food process equipment, inventory, and a newer refrigerated delivery van.
Facilities Overview
We lease a 2,450 sq ft building with a mezzanine over the office area. We sublease an office on the 2nd floor for $500.00 per month. Our process facility is equipped with state-of-the-art food processing equipment. It is well laid out and organized and we can ramp production up and down easily. our lease is $2,455.00 per month set to expire in the next 4 years. Occupancy costs are $ 746.00 per month.
Capitalization Overview
This business has a debt of $40 K to be paid back to the federal government under the CEBA program by the end of the current year.
We also have an interest-free loan of $19 875.00 from the CSSF- Canadian Seafood Stability Fund we need to start to pay back starting from the current month with monthly payments of $552.00 per month until done.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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