Business Overview.
The business is a successful alternative protein powder and food manufacturer with a state-of-the-art factory and accommodation in Udon Thani, Thailand.
The company provides international distribution and OEM services, supplying high-quality insect products to supermarkets, ingredient suppliers, manufacturers, and food stores under its brand and customer brands.
The company holds various certifications, including HACCP and GHP, and multiple permits and licenses to facilitate the export of products internationally.
They have a subsidiary in the UK that manages sales in the UK and EU.
The business has a diverse client base, including retailers, food manufacturers, ingredient suppliers, and online retailers. 80% of sales are B2B, while 20% are B2C.
They have an e-commerce platform with high DA and Google rankings, generating healthy yearly revenue.
The company has a loyal client base, with some customers conducting business with them for over ten years. The main clients are from the United States, Japan, Australia, and Canada.
With a lean team of 8 employees, they can generate substantial revenue. Sales consistently increase annually as the global demand for natural and sustainable protein rises.
Products & Services Overview
The business manufactures high-quality insect protein powders and whole insects for human consumption.
The company ships internationally, has established distribution channels and offers OEM services.
They supply quality edible insect products to food manufacturers, ingredient suppliers, supermarkets, specialist food stores, pet and animal feed manufacturers and more.
Assets Overview
The business includes the following tangible assets:
A commercial 60 kg/hr microwave drying conveyor tunnel oven.
80-ton walk-in freezer and cold room.
Defrosting a cold room.
Commercial drying oven.
High-capacity milling machine, 100 kg/hr.
Large German oil press, 80 kg/hr.
Water cooling system.
Daikin air conditioning systems.
Dewatering machine.
Compressed air system with an air drying system.
Fully equipped offices.
Food test/experiments lab.
Moisture testing machine.
Company truck.
Air extractors.
Five-bedroom house with a swimming pool.
Test farm for feed and rearing technique experiments.
All property, assets, and 1.186 acres of land are valued at TBH 18 million.
The business has the following intangible assets:
A trademarked brand name in the US, UK, EU, Japan, and Thailand.
Established websites.
High-ranking domains with good domain authority and rankings.
Skilled employees.
HACCP/GHP certification.
US FDA facility registration number.
US FDA agent.
Import and export certificates, permits, and licenses.
Industrial licence.
Factory Establishment Number.
Facilities Overview
Their factory stands on private land (freehold) in a quiet rural area, which is 1.186 acres, equivalent to 3 rai. The factory floor area is approximately 1,000 square meters or 10,763 square feet. Towards the West of the factory, you can find the owner's five-bedroom house (200 sq m), which has a private swimming pool and private bungalows. There is also an enclosed farm building and a pond behind the house. There is a concrete wall around the land perimeter and CCTV within the home and factory.
The business is just a two-minute drive from the Bangkok-Udon highway, a 15-minute drive from central Udon Thani, and an hour's flight from Bangkok. Additionally, it lies just 40 minutes from the Thailand/Laos international border.
Capitalization Overview
There are five shareholders: one director holds 51%, one has 9.1%, and three hold 13.3% each.
The business is self-funded.
They provide annual dividends to our shareholders.
They are debt-free, maintain a healthy cash reserve, and own their land, factory, and assets.
100% foreign business ownership is possible, and the new owner could register all tangible assets under the company name.
Expansion potential
The factory can process up to 9 tons of insect powders, 12 tons of whole insects, and 1,350 litres of insect oils per month. The factory design allows for a significant increase in production volume with minimal additional investment. If the new owner desires to expand the product range, the factory and machinery could also be utilized for producing other similar items, such as plant-based products and protein powders.
Reasons for sale. After 20 years of operating the business, the original owner has decided to sell in order to relocate closer to his aging parents in his home country and to allow his daughters to continue their education there.
