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Asking Price$99,971
Revenue$441,528 EstablishedUndisclosed
Cash Flow$111,630 Employees2 full, 1 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Speciality Sea Food Produce for Wholesale Trade
Sustainable marinated and semi-preserved seafood
Ref.AF162
Location Devon
Asking Price £ 60,000
Confidentially offered for sale
Leasehold

Asking price includes:

Turnover is circa £265,000 per annum
Adjusted Net before owner’s drawings of £67,000
Clean balance sheet showing £36k of assets

Large product range
Excellent client base
Business profile:
The business produces marinated fish and shell fish products, buying in seafood and repackaging it in oil into large 1 and 2 kg plastic jars. The business expertly pickles, jars and marinades sardines, mussels, squid and seafood salad for sale and distribution to the wholesale trade, plus food service, restaurants and delicatessens.

The owners are dedicated to making the most of the superb sustainable seafood in the local area and developing new and unique products, including shellfish and sardines, which are a popular and growing market for this business.

The business is based in South Devon and occupies an extremely well presented and fitted out food manufacturing unit all in excellent condition. The vendor advises us that he has invested around £300k on fitting it out. The unit is not operating at full capacity and additional lines could be introduced. Maximum output is probably 6 pallets per day, which is the freezer capacity.

A thriving business with an excellent history of trading it has remained successful due to the quality of its product and service. This would make an ideal acquisition for someone wanting to get into the fish wholesale business or the catering sector and who wants to expand and more fully utilise the existing factory. Alternatively they could run the business as is and make an excellent living.
Facilities:The business operates from a very well fitted out and equipped industrial unit in South Devon with a full suite of offices upstairs. The premises are circa 2,000sq.ft. with a 1,500sq.ft mezzanine floor A new lease is being offered on terms to be agreed, the current rent is £18,798 per annum with rates of £6,885. A second harbour-side unit is also available by separate negotiation.
Training/Support:The vendor is happy to provide support and training for the new owners to ensure a smooth transition of business.
Sale Reason:This is a non-core disposal.
Ad #59844
Seller Reference #AF162
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Turner Butler
0044 1895256000
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