Amber Fisheries And Foods Limited For Sale
Food importer and distributor Amber Fisheries and Foods Limited is listed for sale with an asking price of $1.8 million.
The business is being represented by the business brokerage arm of Firm Advisory Ltd, who said: “With gross annual sales of several million dollars, significant room for growth and clients including hotels, restaurants and households, this business opportunity is priced to sell.
“The business is being sold as a turnkey opportunity, with equipment, staff [including management], trade relationships etc. all transferable as part of a successful transaction.
“This opportunity is ideal for the acquirer looking for a wholesale /retail food supplier, either as a supplement to an existing business or as a stand-alone operation.
“Information including financial statements, leases, agreements and other related documents are available for due diligence purposes.”
For further information, please contact Calvin Blankendal via email at calvin@firmadvisory.com
1.8m?? Would have more chance with a far more realistic price based more on actual profit.
Banks aren’t giving small biz loans unless you have the collateral for it all. So why would anyone with $1m buy a fish business??
I shop at Amber and it is a nice little business, but anyone with half a brain could set up right next door and run that place out of town for a third of that price. 1.8 million – give me a break!
but all that “goodwill” should get you to that $1.8 no? LOL that guy’s got jokes tryna get that much for that little place! like you said, all you gotta do is go talk to BLDC, lease a place somewhere next door, and start from scratch!
it will probably sell for around a million, if it sells at all!
Amber Fisheries is living ina dream world!
Never ceases to amaze me how people comment (above) without apparently having a clue on the financial position of the company or what methodology is used to value this particular company. If, for example, the company is showing 3 or more consecutive years of $400K net income then it’s conceivable that the company could actually be under-valued – depending on the valuation methodology used. There are many small businesses in Bermuda than remain profitable because they have steady client bases, consistent sales and are owner-run where there is always the added incentive to keep expenses firmly in check. At the end of the day, none of these comments matter and the business will sell, if it sells, for what the buyer and seller agree it is valued at.
Yes exactly, Fishnchips, and you can bet the price will be nowhere near 1.8 or even a million. So why not start off more realistically?
well they prob want under a million. so they say let me jack up 800k for it so i got time to let the price drop. but i really think if i had a millon i would want to start from scratch same