However, seafood remains a key source of protein in many markets, and a popular food item among all consumers along all price points. Any food service-related business involves a substantial risk of lawsuits from a variety of sources, whether you are starting a wholesale business or simply opening a restaurant. Workplace injuries, accidents and allegations of food poisoning can lead to lawsuits. By forming a limited liability company or a corporation, you can insulate your personal assets from your business.
How to Build a Seafood Empire at The duo spent summers learning the business when they were younger and even left college on the weekends to sell lobsters. It was hard work as John explains sleeping on the office floor for the first year.
Brendan and I grew up in Cape Elizabeth Maine and were introduced to lobstering by our Uncle Ted who was, and still is, a commercial lobsterman. He took us out lobstering when we were 6 or 7 years old for the first time.
We worked with him during the summers as his helper on his lobster boat and were paid in old lobster traps instead of cash. In the winters we would fix up the old traps and then began lobstering on our own the following summer.
We bought a small wooden skiff and lobstered in front of our house in a small cove called Alewife Cove in Cape Elizabeth. Our parents would watch us through binoculars from the house to make sure we were ok.
As the years went by, we grew our small lobstering business and went from fishing only a few lobster traps to fishing many hundred, by about seafood business plan time we were in high school, with large fiberglass boats.
Both Brendan and I wanted to become full-time lobstermen, but our parents pushed us to attend college. Reluctantly, I left for college in and Brendan in We both received great educations with a much more diverse view on how business works, but we also learned how to carve a nice niche for our future businesses, especially Catch a Piece of Maine and the direct to consumer business model.
What the hell got you into lobster? Does not seem like the average company for a 25 year old! Sometimes I wonder the same thing. The lobster industry is a very old-fashioned industry that has changed very little over the past 50 years.
The other side of the industry involving sales and marketing is a monster within itself. That gets us into what Ready Seafood is.
Did it almost not happen? While at Northeastern University before graduating inI competed in the 60k business plan competition based on the launch of Ready Seafood. Ended up winning the competition, and a week after graduating, Brendan and I launched Ready Seafood. Ready Seafood is a wholesale lobster company based out of Portland Maine.
The business model is based on high volume and low margin.
We purchase live lobster directly from the harvesters, as well as indirectly from contracted buying wharfs that are located up and down the coast of Maine. The product then comes back to our facility daily to be graded into different size categories depending upon customer needs.
Since we started out as lobstermen, we had great knowledge of the industry before we ever took a step in the direction of distribution and sales. Today we sell Maine lobster all over the world.
The sacrifice in starting Ready Seafood: For the first year and a half, I slept on a cot on the floor of our office.
I did this because the hours of work were so overwhelming and by the time I finished up each day, I only had an hour or so before I had to start all over again.
Crazy lifestyle to endure in launching the business, but had to do it to survive Horror story: Going on our second full year in business we began doing somewhat well.
It was probably one of the few nights I was not sleeping at the facility. It was the night before Christmas and we were holding a large inventory of lobsters in preparation for huge orders for New Years.
A winter storm going though the area with high winds took out our power, killing our pumps that circulated the water in our tanks to keep the lobster alive. The next morning our Christmas present was thousands of pounds dead of lobster.
Our Christmas was spent cooking and picking lobster meat to minimize the loss of tens of thousands of dollars.FREE SHIPPING. When you order the largest and most impressive of all crabs caught in the world, Alaskan King Crab, you’ll taste the unmatched flavor, quality, and texture. Get FREE OVERNIGHT SHIPPING on All King Crab Orders Now!
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In an effort to spotlight marine conservation and the millions of livelihoods that depend on seafood around the world. Welcome to Florida's Seafood! We are located at W Cocoa Beach Cswy, Cocoa Beach, FL, Our phone number is () We look forward to seeing you soon!
Welcome to Joey's Seafood Shack, the finest specialty fresh seafood market & restaurant in Vero Beach, Florida! Serving the finest fresh seafood on the Treasure Coast!