Sold
Oyster Farm w/ Property

We are pleased to present for sale this premier grower, processor, and exporter of world-famous pacific west coast Kumamoto oysters, Manilla clams, Japanese scallops, and geoduck clams. Sustainable aquaculture farming is becoming one of the most sought after and profitable ventures in the world. As human populations overrun land-based farming areas, we turn to the oceans for vast sources of foods and proteins. This family-owned oyster farming business has operated for over 65 years and is one of the largest in Canada. It generates predictable revenue, delivers consistent taste, operates with a low-cost base, and maintains a gold standard in environmentally sustainable farming. The strong tidal action in the area eliminates the potential for any red tide or other bacterial related impediments. Ownership has made an excellent living over 65 years and they wish to sell the corporate shares of the entire operation and retire. Plus they will lease back the ocean front property at below market rate OR sell the property with the business ($2M value)!
Listed By: John-Erik Grain
Background information
Reference:
oyster-farm
Year established:
1956
Reason selling:
Retirement
Finance
Sales:
$1,100,000
Profits:
$150,000
Profit type:
Discretionary Earnings
Premises
Square footage:
9000
Rent and lease terms:
Lease back is an option
Price and terms
Price:
$1,800,000
Down payment:
$700,000
Financing:
Seller Financing Available
Training:
Included