260,000-Pound Northern New Brunswick Lobster Holding Facility

File#1005MA

Asset Overview

• State-of-the-art 260,000-pound Northern New Brunswick live lobster holding business.
• The operation is strategically located on the Acadian Peninsula of New Brunswick in the Gulf of St. Lawrence and adjacent to the productive Lobster Fishing Areas (LFAs) 20, 21, 22, 23 and 25. The asset owners have strong access to product supply from longstanding relationships.
• The 21,610-sq.ft. Val Comeau facility, which was constructed in 2017, is located on a 2.5-acre commercial lot and can hold 260,000 pounds of live lobster in its three tanks. Two of the facility’s tanks can hold 100,000 pounds of live lobster each, while the third tank can hold 60,000 pounds. In addition, the facility can hold 100,000 pounds of live lobster under showers.
• The facility has a state-of-the-art sea water pumping system with a 10-inch drilled pipe with an intake more than 2,000 feet out at sea. The building, which has a paved yard, has three receiving docks and two shipping docks, as well as a large lunchroom, office and maintenance room.
• The current owners are selling product to brokers both in Canada and the USA. The company can also transport the product into USA cold storage, deliver to Canadian cold storage, or deliver to the Atlantic ports for international shipments.
• The current management and experienced workforce to remain with the business after the sale.
• Additional assets include:
  • Five 30 hp Kool air chillers
  • Five-tonne Howe ice machine
  • Back up diesel generator capable of running the entire facility

Asking Price: $2,500,000.00 (CDN)