Leasehold Seafood Processing Business located in the South West Of England. (The Company Has Achieved an A Grade BRC Certification) Turnover £3,231,953 pa. They supply to large Blue Chip retail outlets.
Veritas Business Sales are delighted to offer for sale this family operated and very successful seafood processing business which is based in the South West Of England. The business was established by our clients back in 2001 and is only now being offered for sale so they can enjoy a well deserved retirement.
The business operates from purpose built premises which are maintained to a high spec and continual investment has been made on new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.
This business is owner operated and employs the help of 42 full time members of staff and posted an annual turnover for year ending 30th September 2021 of £3,231,953 with a GP of £1,502,924 (47%) which produces an average EDITDA of circa £500K. As a company the owners take their responsibilities very seriously. All crab landed is from registered fishing vessels and they are very stringent with their checks and procedures to make sure there are no under sized or egg laden females landed. The company is routinely checked by the Sea Fish Authority and have always been compliant. They process the crab meat through their very own state of the art factory before sending daily consignments up to the city of London amongst others. They process white crab meat, brown crab meat, purse crab meat and lobster. Their products are sold in many large Blue Chip retail outlets and leading supermarkets. The company has achieved an (A grade BRC certification).
We believe that should the company be acquired by another industry operator it would thrive. This is a rare opportunity to purchase an established niche and very profitable business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.