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Fish Processing and Retail Business in South Africa *Offers Invited*

South Africa

  • Leasehold Price: £680,000
Seller Reference: fishsaKS
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Business Description
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Seller Reference: fishsaKS
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Business Description
City Business Brokers are pleased to bring to the market an established business situated in a landmark tourist destination, consists of a newly-refurbished factory and retail shop where fresh and frozen products are on offer to the public. It has recently been upgraded and certified in accordance with UK standards and an export licence has been acquired from October 2018. The premises comprise 900 square meters approx under a roof with 300 square meters yard. Factory equipment and vehicles are included in the sale.

Fresh fish and related products are processed and prepared for wholesale to restaurants and other retailers and also retailing from the business premises. The business also offers a Takeaway service with tables and chairs for an enjoyable customer experience.

There is a good, regular customer base. Customers are attracted to the business by word-of-mouth but there is good visible signage and a website. The business is very popular with holidaymakers.

There are 25 staff members of which ⅓ are seasonal, casual workers. A manager is responsible for running the factory. Most staff have a long length of service with the company.

The Trading Hours are 9.00am to 5.00pm Monday to Friday and 8.30am to 1.00pm on Saturday.

There are plans to add a Sushi Bar to the premises which will increase profits.

The Managing Shareholder (Managing Director) is prepared to stay on with the company for an extended period of time to be negotiated between himself and the buyer, to ensure a smooth handover. He is, however, open to work for the new owner on terms to be agreed. The Sellers wish the new owner/s to succeed with the business and ensure a good employment future for their staff.

Leases: Three leases run concurrently with the same landlord, one ended January 2020 and two ending February 2021. Renewal is available to be negotiated with the landlord.

This is an established and profitable business with a good reputation which has maintained steady growth. The business can be bought as an investment or owner-driven.

Is this business relocatable:Yes
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