Seafood Processing Business Investment Opportunity in Visakhapatnam, India

It is a family-run business for the last 25 years. We process and export seafood.

- We regularly ship our products to customers in China, Japan, Vietnam, Malaysia, Dubai, and Taiwan.

- Our customers are big importers in these countries.

- Matsuda Sangyo, a reputed importer in Japan has been our customer for 7 years.

- We package all the products with our unique branding.

- Revenue has shown a 25% y-o-y growth as we bounce back from the Covid slowdown.

Sea caught shrimps, aqua culture shrimp, fishes like tuna, cephalopods, surmai, cuttlefish, and butterfly prawns.

Tangible assets:

- EU-approved processing/packaging plant and factory worth INR 30 crore.

- Factory land of 2.93 acres valued at INR 7.5 crore (INR 2.5 crore per acre)

- Fleet of 13 vehicles worth almost INR 3.25 crore.

- Core/pre-processing facility at Tallarevu worth INR 5 crore.

Intangible assets:

- Relations with reputed companies like Matsuda Sangyo.

- Reputed brand name.

- Goodwill.

Our owned manufacturing plant is located at Visakhapatnam, with an extent of 2.95 acres. This plant is located on the outskirts in Jagannadhapuram on the Vizianagaram - Simhachalam Main Rd. We have another facility close to the sea in Tallarevu which is located almost 200 kilometers from the main manufacturing plant.

- Debt of INR 26 crore from Canara bank.

- OD facility of INR 3 crore; PCL of INR 15 crore; GECL of INR 5 crore.

- Owned by 3 partners who all come from the same family.