Northeast Seafoods

1
Northeast Seafoods

• Paul Neibaur

2
Our Situation

• 27 years in business
• Debt free
• 19 to 28 profit margin over last ten years
• International network of 45 suppliers
• 400 regular customers

3
Our Assets

• Three months worth of all major supplies
• Inventory of about 220,000
• Warehouse of 18,000 square feet with freezers,
  saws, packagers, other equipment
• Shipping facility
• Experienced employees general manager, five
  division managers, fifty staffers
• Contracts with distributors (30 of annual sales)

4
Profitability

• Seafood sales levelled of in early 1990s, but
  still strong in 2003
• Projected steady sales
• 2002 gross revenus 17.5 million
• 2003 gross revenus 16.8 million

5
Financial Arrangements

• Asking price 3.7 million
• Requirements 800,000 down, 2-million
  preapproved Small Business Administration loan
• Remainder financed by sellers mortgage

6
Summary

• Great Investment Opportunity
• Thriving Business
• Potential for High Profits
• Excelent Location