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Thursday, August 20, 2020 9:36:33 PM
The best decision that this company could make right now would be to create a brand around pre-packaged meat for HUMAN consumption. Similar to what Tyson Foods offers. Shannon already has experience with Snobar, so why not take the most valuable product and turn it into a household name? There has literally been a meat shortage and there’s no better time than now to establish Seaport as a source of premium meat.
Sure, the pet food concept sounds good. But the required investment in new equipment isn’t worth the risks involved plus the barriers to entry into the pet food space.
The reason why Seaport isn’t profitable is because it’s a wholesale operation. Once you combine the retail approach with wholesale capacity, you’ll make more money per pound of meat sold. IMO
Take those profits and THEN invest in pet food and Snobar...
$PACV
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