The opportunity has arisen to purchase the entire share capital of a long established and well respected seafood processing company based on the South East Coast of Scotland.
The business operates as a crab processing business offering a range of cooked products for the UK and European markets including the Multiples, there are some sales in live also.
The business has continued organic growth and has proven resilient to the current economic climate. The industry as a whole is growing and this business offers an excellent opportunity for anyone in the food industry seeking to expand into the seafood market. Similarly an existing seafood related business could benefit from the potential synergies and economies of scale generated by the acquisition.
The business operates from a 1,500m² commercial freehold premises comprising; a fully operational high care food processing unit, cold store areas, office accommodation and staff facilities. The property is strategically located offering excellent transportation links. The property is owned by the business and carries a value of approximately £900k. There may be the option to lease the property subject to terms of offer and contract.
There are approximately 55 full-time employees whom are supported by a senior management team and the retiring managing director of the company. The business operates as a limited company with the shareholders seeking to retire from the industry. Subject to agreed terms, a handover will be offered to assist with the transfer of ownership.
The sale is instructed on a share transfer basis to include a net asset value of approximately £2m.
2011 turnover £3.5m.
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