Reef Creation is for Sale?

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lisaFL

In Memoriam
Looks like Reef Creations is looking to sell ....

http://www.bizbuysell.com/cgi-bin/addetail?nosearch=1&J=bbs&q=442326



Asking Price $998,000
Inventory $71,954**
Gross Income $1,633,854
Real Estate
Cash Flow $484,578
Year Established 1995
FF&E $567,600*
Employees 6

* included in the asking price
** not included in the asking price




pareefcreation.jpg


Topical fish wholesaler - miami florida aquarium distribution cen

Nationally known aquarium livestock distributor seeks partnership or territory owner operator for International expansion. 14 year old operation with newly fabribricated state of the art distribution center in Miami, Florida. Extensive walk in traffic and large ship out customer base servicing North America Wide. 2008 sales exceed $2M, with projected 2009 sales to double and supercede $4M. Low overhead, great easy weekday hours (7-3), no weekends, resceasonproof operation, high ROI. Minimum partnership capital contribution of $400K required, or Full Ownership Financing Available with 50% down accompanied by a supply contract. Said contract shall assist you in purchasing as example Green Chromis @ $0.18...This fish alone sells for $1.75 wholesale! Exclusive supply contract of over 6000 animals, corals and inverts...Plus year round Cites protected Live Rock and the largest Indo quota for corals! In addition, secured well established relationships with Red Sea, Africa, Australia, Mexican, Haitian, Tonga, Solomon Islands, and Hawaiian suppliers. Plus, master distributorship of many hard good Internationally known aquarium lines, creating traffic and further residuals. The operation can be seen by appointment only, no information shall be released without a signed verified confidential agreement. Available Cash Flow Balance Sheet, accompanied by solid P&L. Pet Industry is HUGE, over $40.8 Billion dollars spent in the USA last year alone... Pet Industry is truly recession proof, animals need to eat, lighting needs replacement, and aquarium chemistry must be maintained!

Facilities: Miami International Airport location, newly designed state of the art facility. Easy access to the 836, I 75, I95, Turnpike. Servicing 250 + customers North America Wide. Huge daily walk in traffiic. Easy Monday - Friday 7-3 operating hours. Over 10,000 sqft, 80 % under air. Only wholesaler of its kind. Deal includes $600K of equipment, furnishings and tangible assets. Low 10 year leasehold @ $6990.00 monthly, no CAM in newly constructed building, built with latest Florida code construction, fully sprinklere

Competition: Perfectly positioned distribution center amongst other long termed established wholesalers. Gained huge volume of competitors customer base within year 1. Projected local sales will increase by 100% year 2.

Growth/Expansion: Selling for National and over sea's expansion purposes...Creating additional and seamless livestock supply to new owner(s). Improving your position for greater sales in 2009.

Seller Financing Available: Yes

Financing: 50% Down, Balance over 60 months @ 1% over prime

Support/Training: Management and staff shall remain. Owner will entertain position with contract. Owner will allow a 2 week week grace preriod for training at no charge.

Reason Selling: National And Over Sea's Expansion
 
<a href=showthread.php?s=&postid=14497373#post14497373 target=_blank>Originally posted</a> by djfrankie
Nothing like a recession proof business :rolleyes:

Anyone want to chip in?

djfrankie

:lol: ... yah, let's start a 'group buy' ! :p
 
why sell somthing that is making money to " expand"?

isnt this the same thing he does with his LFS around south fl
 
Peter, that is if you are still going by this alias, you kill me with your ability to scam people over and over with the same ole scams. Buyers beware that’s all you can say with anything from this guy, I built this guys Naples warehouse and you wouldn’t believe the number people I personally witnessed this guy scam.
 
"you wouldn’t believe the number people I personally witnessed this guy scam."

Maybe you should have reported him to the BBB. Might have been able to keep someone from being scammed.
 
Scott was the Original owner and then somehow Peter managed to take control of the store from Scott and then I purchased the store from ReefCreation...I have no supply contracts or affliliation with ReefCreation....
 
maxalmon smart man not to have any ties to peter, pm me if you need a list of some contacts that may help you if you like, good luck

And by the way there is really nothing illegal peter is doing. Maybe a little immoral, just usually the people that seem to get scammed in business deals like his and the ones he seems to target really aren’t the sharpest business owners in the drawer and tend to make bad business decisions. They are usually inexperienced owners and have never been in business for themselves before. They get caught up in the whole idea of owning a store especially one in a hobby they enjoy and tend to forget rule one of any business decision CYA.
PRO vs. NOVICE not hard to see the winner in 99% of these business dealings.
 
I cannot understand why so many people hate on this guy, Ive known Peter for many years and he's a hell of a guy!

He created business where business was not found, all to help out indirectly us, the hobbyist.

As for the people who purchased stores from him, who may have in turn failled due to many variables, perhaps they simply did not have good business skills.

And Im certain the guy did not hold a gun to the buyers head, people make choices, period!

It happens in all business, business is not for everyone and lets face it, the fish business is a tough business!!!

Just my two cents!
 
oh buddy i think theres a lot you dont know. and therefor dont have a good perspective of the matter. you can know someone for years and still not really no them. but hey what do i know.
 
<a href=showthread.php?s=&postid=14556666#post14556666 target=_blank>Originally posted</a> by aquariumart
I cannot understand why so many people hate on this guy, Ive known Peter for many years and he's a hell of a guy!

He created business where business was not found, all to help out indirectly us, the hobbyist.

As for the people who purchased stores from him, who may have in turn failled due to many variables, perhaps they simply did not have good business skills.

And Im certain the guy did not hold a gun to the buyers head, people make choices, period!

It happens in all business, business is not for everyone and lets face it, the fish business is a tough business!!!

Just my two cents!

hahaha. I <3 You !
 
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