Seafood Distribution Company with Property

Maryland
Crabs
Asking Price:$3,000,000
Gross Revenue:$3,800,000
Cash Flow:$500,000
Real Estate:$900,000
BUSINESS DESCRIPTION

This Company is an iconic seafood wholesaler and carry-out business. With 25 years of history, it's more than a restaurant; it's a pillar of Maryland's seafood heritage, serving not only local patrons but also supplying other restaurants and businesses with quality crabs, the state's culinary obsession.
The Company has been serving the community since 1998 with a commitment to quality and service for 25 years.
Property: 1,242 sq ft restaurant and prep kitchen, with several outbuildings, situated on .603 acres. A large pylon sign is situated on the main road in front of the location.
Location: The prime spot ensures high visibility and accessibility to main thoroughfares throughout the area, such as Rt. 95, 495 & 695.
Financial Strength: Proven stability through their sales- and potential for growth, particularly in wholesale distribution and alcohol sales.
Cultural Integration: Participation in local events and a staple on the Maryland Crab and Oyster Trail.
Facility Readiness: A turnkey operation and well-maintained property with an extensive set of amenities ready for immediate business- including a fully equipped kitchen.
Prime Location: High-traffic location catering to take-out customers as well as supplying a wide variety of restaurants in the Maryland and Mid Atlantic area.
Crabs: You can order their crabs cooked or live.
• Two extremely large walk-in fridges and one large walk-in freezer are located behind the storefront with more than ample amounts of storage. They also contain steamer pots, a large ice machine, and scales inside the various walk-ins.
• Grease Trap, septic tank, and 2 large storage sheds are all located out back behind the business.
• Outdoor seating has several picnic tables.
Daily Availability: A schedule that accommodates patrons every day of the year.
Diverse Menu: An extensive selection of seafood, with a specialization in crabs.
Dedicated Staff: A team of 16 full-time employees, with 4 of them being drivers, ensures smooth operations.
Direct Order Management: Maintaining quality and service by handling orders personally.
Customer Focus: A strategy that emphasizes pre-orders and quick, efficient takeaway service.


DETAILED INFORMATION
Location
Maryland
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
1,242
Employees
16
Facilities
• This property runs on well/septic water and they have water filtration systems. • Poured concrete flooring, manager’s office with a full bathroom, and a 6 door reach-in fridge that can potentially be used for alcohol sales in the future if license is pursued/obtained. • Fully Equipped Kitchen: One 5 ft grease hood, one 8 ft steam hood w/ 8 steam lines, 4 burner stove w/ oven, two 2 basket fryers, 3 compartment sink, and a sandwich table. Exterior Features: • Two extremely large walk-in fridges and one large walk-in freezer are located behind the stor
Support & Training
45 days
Reason for Selling
Retiring
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Jim
McGinnis
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Jim McGinnis