Established Fish Wholesaler
Location: South West
Asking Price: £550,000
Turnover: £2.4m
Gross Profit: £528,000
AdJ EBITDA: £124,000
NAV: £194,000
27 Years Trading
Excellent Reputation
National Sales
Huge Opportunity for Growth
Background:
The Company is a very well established West Country fish wholesaler and retailer. Established approximately 27 years ago, the Business supplies fish and seafood through a combination of trade and direct-to-consumer channels.
The Company serves restaurants, fish merchants, most of the wholesale fish markets around the UK and Scotland (i.e. Billingsgate market in London, Manchester, Birmingham, Fleetwood, Liverpool, Hull etc and most of the south coast Southampton etc) together with top end fish shops around the UK (i.e. Chelsea, Notting Hill, Mayfair etc.) In addition, the Company operates an online fish site where people can order fish and receive deliveries the next day to anywhere in the UK. At the Company’s premises is a very well-established fish deli shop open to the public 5 days a week.
This mix of routes to market provides an established trading platform with opportunities for a purchaser to develop both wholesale relationships and direct retail sales. More relaxed trading rules with Europe in 2027 will also increase the opportunities for sales in France and Spain.
For the year ended 30 June 2025, the Company generated turnover of £2.394 million and gross profit of £528,261, with an Adjusted EBITDA before drawings of £164,000. The vendor has indicated a willingness to remain as a consultant for up to two years, offering potential continuity during a transition to new ownership. Assuming a £40,000 consultancy to the vendor, leaves a buyer with a sustainable EBITDA of £124,000.
This opportunity will appeal to trade operators in seafood distribution, foodservice wholesalers, regional food businesses and owner-managers seeking an established west country food business.
Financial Summary:
£ FY2024 FY2025
Turnover 2,628,742 2,393,742
Gross profit 419,663 528,261
Gross margin 16.0% 22.1%
Profit / (loss) before tax (13,242) 133,682
Depreciation and amortisation 23,208 20,451
Reason for Sale:
The reason for sale is the vendor wants to semi-retire. The vendor has indicated a willingness to provide consultancy support for up to two years after a sale, with the duration and commercial terms to be agreed.
Transaction Structure:
The proposed sale structure is a sale of 100% of the issued capital of the company.
Asking Price:
The asking price is £550,000, assuming a NAV of £194,000 with a £ for £ increase/decrease to reflect any movement away from this benchmark NAV.
