Seafood Processing Plant Financial Model

Description
The financial model shows a business whereby land is given by government to investors looking to spur the fishing/seafood/blue economy industry.


The business entails constructing a seafood processing facility next to the ocean and quay jetty. The company will also invest in deep sea fishing vessels.


The model assumes the facility is based in Lamu Port area with fishing activities taking place in Kenya and Somalia waters. The company will aim to capture a market share from this. The fish/crustaceans captured is then processed into fillets and packaged for export or local market. In the assumptions, one can adjust the recovery rate for the tuna e.g. 45% and the rest is waste. Sale of seafood/tuna/fillets contributes the largest proportion of the revenue. Other revenue streams include: docking, equipment hire (e.g. cranes), offloading services, cold storage in reefers/cold room, quay charges per hour etc.


All these services have their selling prices in the assumptions tab and can be adjusted accordingly.


Operating costs include: Labour, Repair and Maintenance, Utilities, Packaging Costs and Transport & Logistics on a per MT basis.


Other SG&A can also be adjusted in the assumptions tab.


The project is assumed to be funded via equity and grants. But one is also at liberty to include debt and adjust the percentages as they wish.