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Vegetable Farm for Sale in Usa River, Tanzania

Cultivating chives, fine green beans for export, located near international airport and good road infrastructure.
This Business is on a Premium Plan
Established 30-40 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 1.8 million
Run Rate Sales USD 1.7 million
EBITDA Margin Operating at loss
Industries Vegetable Farms
Locations  Usa River
Local Time 8:59 AM Africa / Johannesburg
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 1.5 million (Native Currency: USD 1,500,000)
Reason: Shareholders are exiting their various joint investments including this farm. The valuation is base... View More
Includes physical assets worth USD 980 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- The company is registered under the EPZ (Export Processing Zone), which is tax-exempt.
- The business has two major products: green French beans and chives.
- The business can produce 10 tons of chives and 14,000 tons of green French beans per month.
- The produce is sent to distributors who then deliver it to retailers.
- Currently holds a distribution contract with over 20 distributors.
- Due to economic crises, the revenue has had a marginal drop, and the business is not currently profitable; however, the owners are optimistic that it can become profitable within the next three months.
- The business boasts a well-established greenhouse and open field, with 22 clients, including 10 core clients.
- The business possesses a Certificate of Incorporation and a tax certificate.
Products & Services Overview
Fine French green beans - wholesalers of fresh produce in Europe.
Chives - wholesalers of fresh produce in Europe.
Other products - basil, chiles, rosemary, Rhodes grass for feed.
Assets Overview
Tangible:
Irrigation equipment is worth USD 300k, transport equipment is worth USD 80k, greenhouses worth USD 200k, and packhouse equipment, cooling rooms, irrigation systems, and crops in the ground are all worth 400k.
Intangible: existing customer base, experienced management team, supplier network, established brand.
Facilities Overview
- The business operates on land leased from the government.
- Since its establishment, the lease has been renewed every three years. The operation includes 100 hectares of irrigated outdoor crops and 65.954 hectares of greenhouse cultivation.
- Facilities on the leased land include packhouses, offices, workshops, stores, and four residential properties.
- The owners have shifted to Usa River to handle the operations efficiently.
Capitalization Overview
The business is funded by the shareholders via investor loans, there are no bank loans.
5 Shareholders 49.92% 28,54%, 15,49%, 3.67%, 2,74%.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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