Grower and Exporter of premium live to retail markets in Australia, Asia and China, the business has a long and proud history of success, leadership and innovation within the aquaculture industry.
Owners are seeking a joint venture investor, willing to take an equity stake of 75% of the entire operation including water leases of 45 hectares. A new company to be formed with a view to IPO and listing on the Australian Stock Exchange. The existing owners wish to remain in the business as directors, work in collaboration with the new investor, and together develop 20 hectares of undeveloped water. New capital injection has potential to triple current output upwards of 20,000,000 oysters per annum, and establish long term supply to China.
A passion for oyster farming and general acquaculture would be essential, plus a shared vision in growing the business with the existing owner who wishes to remain inside and develop the business to its full potential in being the number one supplier exporter from South Australia.
Between 5 and 6 days per week, normal operating hours 8:00 to 5:00pm
Water hectares x 45, expiry up to year 2029, renewal fees around $4,000 per lease, government moratorium on new leases.
The business is managed by two full time person and a combination of three to six casual employees, depending on seasonal workload.
Reason for Sale
A family operated business of 30 years, one partner expresses a desire for permanent change. The remaining partner wishes to continue his involvement in the business and work with a new investor in building the vision for a greater operation supplying qualty produce to the global market.
About the Business
The aquaculture business is a high volume supplier of quality Pacific Oysters of Crassostrea Gigas species, destined for the whole of live retail market, and half shell markets, together that supply produce for the upper market restaurant trade Australia wide and Export Quality in Premium Restaurants around Asia and China.
Additional revenue is generated through the contract sale of half-grown oysters being on-sold to other oyster farmers.
Mature oysters are sold via an Adelaide based marketing company with processing ability for both domestic and export clients. Harvested products are freighted to major city centres throughout Australia each weekday.
This business generates consistent profits at high margin from it well maintained operation. The harvesting facility consists of four existing aquaculture sites with a total of 25 fully developed hectares and three additional sites of 20 hectares that are currently undergoing redevelopment, that in total equate to 45 hectares of water under lease.
An average of three kilometres of adjustable longlines per developed hectare is allowed under current licensing provisions.
The business is situated on a total of 5 hectares of land, complete with a main production facility and secondary facility, is fully equipped to maintain an efficient farming operation. Production facilities include onsite cool rooms, above ground fuel storage tanks, single phase power and mains supply potable water.
The main handling facility consists of a 730 square metre air-conditioned shed housing two large capacity electronic sizing machines for grading and counting intermediate and mature stock.
The main site also contains two poly tanks with approximately 37,000 litres rain water. A 100,000 litre Rhino steel tank with liner is fitted for above ground water storage for firefighting.
This facility includes lunchroom, combined laundry, toilet and shower facility, fully equipped workshop and is fitted with a 4.5 KW grid connect solar panel system.
Peak output is around 6,000,000 oysters per annum, with potential to double in volume
On offer is the opportunity to invest in a solid and consistent profitable business of more than 30 years that comes with established customer base and suppliers, land, buildings, water leases and intellectual property plus an industry leader in the field of oyster farming that is needed to advance the business to the next higher level of production and quality export in Asia Pacific and China.