Description $ 3.5 million GEODUCK & MUSSEL FARM - Vancouver Island
This business was established few years ago and in the planting phase. Geoducks take 7 years to grow into large clams. An initial investment of $100,000 is normally required to seed in 1 hectare today, and a return of 1.5 million is seen in 7th years and every year onward. With this farm, there is well over 12 hectares of planting space. There are already stocks of over several millions worth of produce and it can be harvested starting in 4 years time and subsequently, every year. Price for geoducks are going up every year and the demand in Asia is growing. The advantages of farm geoduck is the product is uniform and it doesn't controlled by the ''permits'' There are also income from the current mussel clam production. Over $300,000 value of boat and equipments, trade and development technologies, licenses and permits are included. Owner will train. A limited partnership may be considered for a competent and sincere buyer. For information, contact vendor's agent Philip by email
YEARS IN BUSINESS 3 year(s)
EMPLOYEES Fulltime: Part time: 4-5 2 months a year
BUSINESS HOURS
Currently working 2 months a year. Once the harvesting phase comes, the business will switch to 8 working months a year.