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Successful Fishing Business In Ivory Coast For Sale

Abidjan, Cote d'Ivoire
Asking Price:
$2,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,800,000 (USD)
Cash Flow:
$1,500,000 (USD)

We are selling a Prestigious, successful and fully operational Fishing business with ship assets.

The Ivory coast is well known for sardines and the demand outweighs the supply. We are amongst a small number of businesses that are trying to meet the demand.

On average we turnover about 1.8 M USD (1.8 Million United States Dollars) equivalent per year .
Out total costs amount to about 300,000 USD including fuel, labour and port expenses.
We own outright two vessels that are included in the sale price.
The buyers are mostly cooperates who have fish packing factories and sell worldwide. Fishes are sold on a daily basis at the local fish market where we participate.

The greatest barrier to entry is obtaining the fishing license which is very hard to obtain due to the stringent law surrounding ethical fishing practises. After trying hard for over a year we were finally awarded the full license which is easily renewed.

We are selling this business as we wish to concentrate on our other ventures in the United Kingdom.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

We hold a residential block on rent. This is not included as part of the sale, but we will invite you to takeover the rent if new buyer wishes.

Location:

The business is located in The Ivory Coast (Cote D'Ivoire) at the port of Abidjan.

Premises Details:

We have rented offices and a staff of about 10 people.

Business Operation

Expansion Potential:

The business can be expanded by further acquisitions of more ships. We have an excellent relationship with locals as we have obtained the recognition as a UK based entity in the region.

Competition / Market:

There are a few other similar businesses in our region. Most businesses turnover similar to ours. Competition is not fierce since each business is limited by a quota in relation to the number of ships they hold and relationship with the local people.

Reasons for selling:

We have an automobile business in the UK, that we now wish to concentrate on.

Trading hours:

24 hours (Fishing happens both during the day and night). Crews are on rotas.

Employees:
10
Years established:
2

Other Information

Support & training:

We will provide you wish our full staff who have been running this business, including sales staff.
Any business management training I will provide separately to new owner.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$800,000 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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