Fish & Seafood Processor Located on WA's Fishing Coast Two 60ft Boats plus Exclusive Quota incl - Massive Growth Potential -Freehold only $6,500,000
Stock Included: —
Stock Value: —
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A sea view family home is also available at additional cost to be negotiated.
This is an all-inclusive sale of an iconic family business. We are selling 2,325m2 land with a processing and storage factory of 1,300m2. The factory is concrete and steel in excellent condition. There is a 64m2 retail showroom and office included. We have our own solar power and 20,000 litre water tank. Also included is two surveyed purse-seiner boats of approx. 60 feet each including all fishing equipment. We currently have exclusive quota covering 62.5% of Bremer Bay with the option to raise this to 100%.. An important feature of the business is our exclusive 8-day income-cycle. This means that from fresh ocean-catch to receiving payment takes only 8 days.
This is a family-owned business and health and age means that the owners need to retire after nearly 30 successful years. We are located in Bremer Bay which is a gateway to the great fishing grounds of the Southern Ocean. We are a major supplier of bait pilchards to Australia. Pilchards are renowned as a bait to use to attract large predatory fish. We have developed a fantastic working and business relationship with our clients and have never had the need to advertise but this remains an option for a new owner who wants to expand.
The business is uniquely placed for huge growth as the current owners have only been operating part-time in recent years but most of the infrastructure is in place for expansion. We catch, process and store our products and also wholesale them with a smaller retail component that could be expanded. We currently export to five states but overseas is a major untapped market especially China and the rest of Asia.
Pilchards, better known to the general public as sardines, are a fantastic fish for human consumption.
Our core business is purse seining which is a net 'wall' we can place around a school of fish. This makes the whole operation more efficient and more profitable. We own two seaworthy, fully-fitted boats that are 19 metres and 17.2 metres long. They are designed for purse seining operation. We have a wet-licence for each boat and our quota is attached to each wet-line licence. We have an agreement with the WA Government that if we catch up to our quota of 1,500 tonnes, we can increase that allocation to 2,500 tonnes. We highly recommend that interested parties visit our facilities at Bremer Bay to get a better appreciation of the scope, size and potential of the business. You will not be disappointed.
While our main business is currently purse seining for pilchards, the WA Government is seriously considering allowing purse seining for salmon which would up open the very profitable Asian table market. We have a small retail operation currently which could easily be expanded and our bait is sold in many, many local shops, caravan parks and service stations.
The operation has been scaled-down in recent times to part-time as the current owners are ready to retire. Ay its peak, however, the company ran four boats and had a massive turnover in-excess-of $2.3 million. We are currently only running one of the two vessels included in the sale and only about 60% of the available time, meaning there are huge and immediate gains to be made by the new owner.
Included in the sale:
- Two fishing purse seiners surveyed and operational: the 'Sammy John' 19m and the 'Reike Jo' 17.2m, including all fishing equipment both in excellent condition
- Two wet-line licences: one for each vessel allows commercial fishing in WA
- Machinery includes 3 x snap freezers with the capacity to freeze 10-15 tonnes per day: our holding freezer capacity is 75 tonnes of frozen product and our brine tank holds 22,000 litres; ice machine producing 1.5 tonnes per hour.
- Factory has the capacity to produce 16-20 tonnes per day of frozen product. Under-used capacity means there is huge growth potential into local and overseas markets
- Turnover has exceeded $2.3 million in the past with the capacity to achieve more
- includes freehold land, processing and storage factory, two surveyed trawlers, all equipment and licences.plus the option of a seaview family home at additional cost
If you are a 'fishing' person or a business person looking for a brilliant investment opportunity, this is the perfect business for you. It is a classic case of a business that can be brought to prime levels in a very short time as all equipment and facilities are already in place. With all equipment, boats, quotas, wholesale clients and more in place, the growth of the business can start from day-one. For more information please call the above number today!