Wholesalers Food/Hospitality Business for Sale

SYDNEY 

Expressions of Interest Above $2.2M

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    Wholesalers Food/Hospitality Business for Sale in SYDNEY

    Sydney Fish Market - Wholesale Seafood Facility for Sale

      This is an exceptional opportunity to acquire a Wholesale Seafood Facility in the bustling Sydney Fish Market.

      Location Details:
      Known as "Processing Area 10", the business is located at the front of the main Sydney Fish Market building.

      Potential:
      The Sydney Fish Market, (SFM), is subject to redevelopment. Benefits accruing to a leaseholder include:

      - The ability to increase the size of the leasehold facility. Options are available, without obligation, to triple the current occupied lease footprint, with any additional space in the new facility being allocated at the new prevailing lease market rate.

      - Benefiting from a like for like current space when transferring into the new facility and with lease transfer assurance at grandfathered lease rates.

      - An expected significant equity share revaluation upside, once the new facility is completed in 2021 at an announced cost to build of $250 million, with valuations at completion estimating a total worth of $850 million.

      Lease:
      The leasehold is located adjacent to the loading dock, with direct access to the auction floor, holding area, chilled processing, containing a large chiller room and large freezer.

      Leasehold: permitted use is the processing, storage and wholesale distribution of fresh and frozen seafood products. The leasehold permits sub-leasing.

      The ground floor is 134.2 sqm, with a further mezzanine floor above for office administration and trading.

      The leasehold rights include low outgoing costs and discounted parking facilities within the SFM.

      Current rent $176,000 + GST per annum

      About the Business:
      Immediate opportunity for a landlord, or owner operator to buy the leasehold to a large seafood processing operation within the iconic Sydney Fish Market (SFM) at Pyrmont in Sydney. The SFM has over 3,000,000 visitors a year and is the largest fish market in the Southern hemisphere. This location provides a rare access to a dedicated and captive market for seafood wholesaling

      The wholesale seafood leasehold includes 375,000 shares in the Sydney Fish Market Tenants and Merchants Pty Ltd, a company with a 50% shareholding interest in the Sydney Fish Market.

      Some great facts about this business:

      • An industry leading processing facility
      • Access to a captive customer market
      • Share in the value uplift of a world-class redevelopment
      • Capacity: to process large quantities of seafood on a daily basis.
      • Fresh seafood processing facility and fresh oyster shucking capability, with fully installed drains for removal of processing waste.

      For more information on this exciting opportunity, please contact the undersigned:

      Richard Ames
      Business Sales Specialist | Business Sales Sydney
      Ray White Business Sales, Corporate Business Sales & Acquisitions
      M: 0421 490 501 T: 1800 858 696 E: richard.ames@raywhite.com

      Or

      Mark Levitt
      Business Sales Specialist | Business Sales Sydney
      Ray White Business Sales, Corporate Business Sales & Acquisitions
      M: 0431 004 488 T: 1800 858 696 E: mark.levitt@raywhite.com

      For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1857306 to search for the business.

      Disclaimer:
      Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

      Categories:

      Wholesalers, Fishing/Forestry, Wholesale

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