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Live Seafood Wholesaler in Scotland with Company-Owned Boats for Sale

Undisclosed

CONFIDENTIAL

  • Freehold: Price on Application
  • Turnover: £5,000,000 (£96,154 per week)
  • Profit: On request

Key Features

  • Offers Invited

Business Details

A wholesaler of live seafood – based in Scotland

The company is a wholesaler and exporter of live shellfish, with all products sourced from waters off the west coast of Scotland.

The ideal location of the company’s premises allows it to access to some of the finest seafood available, with the limited amount of suitable fishing grounds creating high levels of demand for its products.

The company is being offered for sale to facilitate the shareholders’ retirement.

Offers invited.

Key Highlights

Products are caught by fishermen operating across 15 boats, three of which are owned by the company and will be included in the sale.

Utilises unique methodology to ensure that all products arrive with the end user alive and fit for consumption.

Caters to 26 customers across the international wholesale market, benefitting from high volumes of reliable repeat business.

Experienced management team in place to run the business day-to-day, with minimal oversight from the shareholders.

Operates from freehold premises, which may be included in the sale.

Financial Highlights
YE25 draft turnover of £5.1m.
YE24 turnover of £5m, with an adjusted EBITDA of £536k achieved the same year
Shareholder funds in excess of £3.7m.

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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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