Fish Merchants Wholesale And Processing Company For Sale

Business description

This long established company specialises in the 100% wholesale supply of all types of shellfish throughout the year. Established over 40 years ago shellfish is bought at ports and processed in the modern factory that was built approximately 12 years ago.

This is an excellent opportunity to acquire a well established business specialising in processing and supplying fresh shellfish to the wholesale market. The business takes pride in offering top quality fresh shellfish, usually collecting direct from the harbour side.

The business has a wide ranging customer and supply base, having become well known for being dependable and price competitive in the supply of top quality shellfish, which is processed quickly and delivered daily, ensuring absolute freshness.

The business spread is approximately 50% Northern Ireland, 25% Mainland UK, 25% Northern Ireland with a a little bsuiness also don ein Spain.

A thriving business with an excellent history of trading it has remained successful due to the quality of its product and service. Fresh locally caught shellfish is delivered over a wide geographical coverage, and with fewer wholesalers than there were the company is trading further a-field.

The expert team prepares the orders and dispatches them to customers quickly and efficiently. The team understands the needs of their customer's to the exact specifications of their order - with customers always receiving the very best.

Quality Assurance:

The business holds full EC Registration.

Customer Service:

The best businesses are built on family values and this business is no exception. The team has helped establish the excellent reputation for exemplary service with everyone appreciating that the customer comes first.

Key Strengths:

The business is long established, profitable and enjoys an excellent reputation for the very highest standards and personal service to match. Top quality shellfish is delivered quickly, on time and at a competitive price.

Excellently located beside the harbour the business is well equipped with all the necessary equipment required for a business operating in this niche market.

Key Opportunities:

There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the quality of product it provides for its customers. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation.

There is tremendous potential to enhance the product range as there is enough room in the existing factory to accommodate this. The vendor feels that a young and vibrant person with fresh enthusiasm could increase the product range on offer and therefore increase turnover in the future. Plans could also be put in place to extract more meat from the body and legs of shellfish and crabs, where there is more profitability.

Financial Information:

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

Turnover circa £1,000,000 per annum
Gross Profit circa £203,000.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the premises but the local authority own the Freehold. Rent is £1200 per annum on a renewable five year lease.

Location:

The premises comprise of a modern factory built approximately 12 years ago. Positioned in a secure compound on a secure harbour side estate.

The ground floor comprises of a reception area, male staff changing area, toilets and canteen. There is also a chillier room, freezer room and three production areas for production, cooking and packing.

The first floor comprises of two offices, ladies toilets and changing area, a canteen and store room/freezer facility. We are informed that there are fantastic views from the premises being so excellently located on the harbour side.

The premises are fully secured with alarms, grills and CCTV.

The vendor owns the premises but the local authority own the Freehold. Rent is £1200 per annum on a renewable five year lease.

Business Operation

Competition / Market:

To date the business has not invested money on marketing with most business coming via word of mouth as the business delivers what it promises. Future investment in advertising and launching the registered company website could be a valuable asset.

Reasons for selling:

The owner now wishes to take life a little easier.

Trading hours:

4 days per week: 7am – 4pm

Employees:

An excellent strong team of fourteen staff are employed, including process workers, many who have been with the company for many years and work well together. Two of the staff are part time.

Other information

Support & training:

Support and training will be provided for up to one year in order to allow the new owner time to familiarise themselves with the business.