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Mussel Farm Business for sale at South West England

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
252552
Reference
EI025 / Rightbiz
Leasehold Price: £2,000,000
Annual Turnover: £694,000
Annual Net Profit: Available upon request

Established, Highly Productive Mussel Farm
Sheltered production areas with enormous capacity to grow, store, condition, relay and harvest in any weather conditions.
Mussel purification and packing facility.
Ref.EI025
Location : South West England
Asking Price : O.I.R.O. £2,000,000

This truly special company is an established South West based Mussel Farm located in a fast flowing estuary operating on both Crown land and its own privately leased areas.

The company farms, harvests, cleans, purifies and packs mussels on a daily basis. All produce is sold to wholesalers and distributed across the South and South West of England. 90% of production is collected from the premises which is how the present owner prefers to run his sales but the company is consistently asked to supply further afield.

The owner of the business and his team have developed unique zero-impact technology that enables a ’10 second harvest’ creating minimal disturbance to the nursery beds with no environmental impact to the wider estuary. This technology is more efficient than other mussel farm systems (by several orders of magnitude) and is an object lesson in what can be achieved commercially with ingenuity and an obsessional nature.

The farm can prove its ecological credentials and is rightly proud of its status as a symbiotic wildlife partner providing habitat solutions and feeding opportunities during the winter months. It is well regarded in its home town both as an ambassador for excellence and also for its contribution to the local economy.

After many years of investment the company has completed its systems of seed-to-harvest technology and has developed logistical solutions to cope with whatever opportunities arise on a yearly basis. The potential for uplift is now formidable.

The company leases quayside facilities for cleaning, purifying and packing their shellfish as well as areas for storage, engineering and staff welfare. There is also an administrative office.

This business is an ideal opportunity for a buyer to capitalise on the assets and experience of a flourishing company with an exceptional trading reputation and track record. Any farm is subject to the vagaries of the seasons but over time this business has made a very reliable average net profit of £200,000 per annum while it built up its capability.

The farm is uniquely placed as the only area in the South West of England that can safely store and grow large volumes of grade ‘B’, toxin- free shellfish and there is now ample capacity to increase production.

Financial Information:

The business is offered for sale as a going concern: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Asking Price:

The vendor is looking for offers around £2,000,000 for all the issued capital of the company assuming net assets of £135,409 on a zero cash zero debt basis. There will be a pound for pound adjustment to the final sale price to reflect any movement away from this asset figure in the final completion statement.

Property:

There is a rolling lease on the shore facilities with full access to the quayside and a 10 year renewable lease on the river assets.

Employees:

There are 6 full time employees, 3 of which are ticketed skippers. All staff have completed the necessary safety courses to accomplish any tasks within the company either ashore or afloat and they have many years of experience between them. The owners work alongside their staff on a daily basis, one in an administrative capacity.

Support and training:

If required, support and training will be provided for a period of time to be negotiated at the time of the sale.

Reason for Sale:

The vendor is 62 and needs to focus on other projects.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Listing Details
Location: Undisclosed, Undisclosed
Sector: Agriculture Businesses, Fisheries, Wholesale Businesses
Key Features
  • Attractive Business
  • Company for Sale
  • Established Business
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Advert Reference: EI025 / Rightbiz

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