Listing Number: 6401-710933
Description
This business is one of South Florida's most reputable stone crab and seafood distributors. Originally focused on wholesale stone crab sales, the owner has expanded the product range to include a variety of seafood and launched a new restaurant that has quickly become one of the top-rated in the county. The business offers both fresh and frozen stone crabs, as well as other shellfish and fish. The wholesale segment remains the primary revenue driver, selling tens of thousands of pounds of stone crabs each season. The retail side is thriving, and the restaurant, which opened in early 2024, has seen impressive sales and strong community support, including positive reviews in local media. The restaurant is already ranked among the top 10 in Palm Beach County. All seafood is sourced directly from local crabbers and fishermen. The business is centrally located near residential areas with new developments expected to boost traffic. The owner is selling to focus on family and other ventures. Financial records are well-maintained and in excellent condition.
Avg Gross Revenue for past 3 years = $2,729,253
Avg Adjusted Net Earnings for past 3 years = $306,954
Listing Details
- Price: $925,000
- Down Payment: $925,000
- Sellers Discretionary Earnings: $235,295
- Total Sales: $1,804,299
- Location: Palm Beach County, Florida
- Inventory: $5,000
- FF&E: $150,000
- Employees: 3
- Year Established: 2014
- Reason for Selling: other interests
- Category: Wholesale,Food Business Retail,Restaurants
