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Leading Seafood Processing Company for Sale - A Great Business Opportunity in UK

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    20/01/22

  • Advert ID

    289205

  • Reference

    COUNTY / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £2,000,000
  • Turnover: £3,231,953 (£62,153 Per week)
  • Net Profit: £365,000 (12% Profit margin)

Key Features

  • Large Business for Sale
  • Prime Location
  • New Lease
  • Attractive Business
  • Offers Invited
  • High Turnover
  • Unique Business
  • Established Business
  • Company for Sale
  • Accounts Available

Business Details

A superb opportunity to acquire a leading (seafood) food processing company

Our client processes crabs caught off British coastal waters which it then sells to a London-based packaging and distribution company. The quality of the crab meat and the processes behind its production are of such a quality that the factory has been accredited by the British Retail Consortium (BRC).

The importance of the BRC accreditation cannot be understated. Because of it, our client’s products are stocked in Waitrose, Sainsbury’s, and other food outlets supplying wealthier consumers. The company also supplies restaurants with crab meat because of its taste and its clear provenance.

Guaranteed market-price supply for up to £6.5m worth of crab meat

There is something about this sale which makes it distinctive but attractive.

A condition of sale is that, with the exception of existing trade customers, all meat processed will be sold at market price to a named packaging and distribution business in London.

One fear which stops many business sales from growing ahead is a lack of clarity of who their clients would be when they grow the business.

The London distributor has indicated that they could double volume at a stroke. Over the previous three years, turnover has been steady at about £3.25m with a 16.7% EBITDA ratio.

A major raw materials purchaser and processor

Three types of crabmeat are produced in the factory:

·       White crabmeat - premium meat taken from the legs and claws

·       Brown crabmeat - meat from the main body of the crab

·       Purse crabmeat - meat recovered from the end mechanical processes

Purchasing is made direct from an extensive network of crabber boats at market price.

The main crabbing season is July to December with the pre-crabbing season beginning in April to May.  When crabs are in abundance, the factory buys as many as they can from the fisherman freezing the surplus. 

Doing this means that the company can continue to supply product throughout the year.

Staffing and management

The major shareholder takes an active role in the financial and strategic decision making within the company however day to day management is the responsibility of the four senior managers. The business functions efficiently and profitability without the presence of the shareholder director.

The company has a total of 38 staff, most of whom are involved in crab picking. Other staff include machine room operatives, cleaners, boiling staff, and floor staff/porters.

Brexit and COVID statement

Turnover, profitability, and our client’s cash-generative abilities were unaffected by either COVID or Brexit.

State of the art factory

The company trades from a 650m2 factory situated on a quiet site wholly occupied by our client. There is plenty of parking and access for HGV entry and turning area.

The company’s last major round of investment was in 2021. £200,000 was spent on equipment and on maintaining BRC accreditation. The current market value of moveable plant is £250k.

In summary

This is a rare opportunity to buy into a developed commercial supplier of high-quality seafood. The appetite for crab among the British public and restaurants continues to rise. Once exporting difficulties with Brexit have been sorted, there may lie an even greater opportunity ahead with European markets.

A new owner will have a secured purchaser for all their produce for a prolonged period of time offering stability.

More exciting is the fact that the secured buyer has enough financial and operational capacity to purchase twice our client’s current volume at a stroke.

You will be purchasing an amazing product created at a state-of-the-art factory manned by experienced, committed employees who will throw their weight behind your leadership.

Interest in the purchase of our client’s business is expected to be high. We respectfully request that, if you wish to be considered as a potential new owner, you contact us without delay.

Read more

Contact Agent

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'A superb opportunity to acquire a leading (seafood) food processing company - COUNTY / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.