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Urgent! Cherry & Sour Cherry Orchard In Varna, Bulgaria For Sale

Pisarevo, Varna, Bulgaria
Asking Price:
$1,400,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$50K - $100K (USD)

Our offer is based on 477 decares orchard in fruiting at 10 years old - CHERRY AND SOUR CHERRIES - final sale price of 1,500,000 euro with market value of about 2,500,000 euro.

- It is located in the village of Pisarevo, Novi Pazar municipality, Shumen region, country Bulgaria. The property is made up of three large adjoining plots and is located on a specially selected by agronomists - orchards suitable for growing cherries and sour cherries in view of natural, meteorological, soil and other necessary conditions for achieving maximum yields with minimal damage. It is fenced and has year-round access. The terrain is flat, near the asphalt. The plantations are as follows - 270 acres of cherries of the varieties Van, Bing / pollinator /, Bigar Buurla, Early black - universal pollinator, Koerser, Lambert, Droganova yellow. 190 decares of sour cherries, including varieties of Cloud Vine and Heiman Rubin. Ripening time - May 25th to July 30th. Method of planting - distance between holes 5 m in 4 m 50 pieces. the ha. The gardens and the produce are organic certified. The trees are insured.
- Buildings: 600 m2 indoor area of 4.5 decares yard in regulation - former school in the village of Preselka, 5 km away from the gardens; Direct access to asphalt. The site is suitable and envisaged for the construction of a small processing enterprise with export orientation under Measure 4.2. under the RDP or with other funding.
- Agricultural equipment: 2 tractors - ТК-80 hp and UMZ - 40 hp; TARAL fan sprayer -1; 1 piece of trailer trailer; 1 piece - water tank - 3 t; 2 disc harrows; 1 piece wagon, coaches; back sprinklers and other farm equipment.
- Trucks: 1 Peugeot Truck(3 tonnes) .

In the cherry market the rule is that demand every year exceeds the supply. The question is not whether the produce will be sold and who will give the best price.

Average annual yield - expected in the next 25-30 years from 500 to 1200 tons per year after entering into full fruit production.
Yield over the last three years - 2015 - 75 t, 2016 - -112 t. , 2017 - 202 t. , 2018 -321 t. ,2019-388 t.
Costs per year - floating according to the year from EUR 30 to 60 Thousand. They are covered by part of the subsidy.

Revenue varies by price. When selling exports to Western Europe, northern Europe, Russia or the former Soviet republics, sales prices reach 5-6 euros per kilogram. For China and Vietnam, prices are 10-15 euros per kilogram.
The business idea is to build a small processing plant with export-oriented terrain described above, with up to 80% of the production after being calibrated, exported as chilled and the rest processed to cocktail cherries. The rest of the enterprise's capacity is used to buy and process production from our partners and competitors. The investment can be in the 200x. Euros to buy a hydro cooler, a second-hand calibrator and build refrigeration chambers for chilled production to transport. When buying brand new machines and technology lines, Italian or other European production, the investment may range from 1 to 3 million Euros.The subsidy that the European programs provide for this investment is 50-60%. Under Measure 4.2 of the Rural Development Program, a grant of up to € 3 million may be applied for a grant of € 1.5 million.
Duration of the return on the investment - from 1 to 3 years in the proper conduct of the agro-technical measures and ensuring the realization of average prices for the branch.

Estimated average profit for the next 30 years - from 1 million to 6 million euros per year depending on whether the market is local or export oriented.
In Bulgaria corporate income tax is flat 10% on the difference between income and expenses. The latter is particularly attractive for the countries of Western and Northern Europe and the United States and a number of other countries, Bulgaria appears as an offshore area and the investment is very attractive. Significantly more are labor, insurances, and others.

Annual SER, SPP, agro-ecology, Fruit Scheme, Quality Fruit Scheme, green payments, etc. – EUR 75000-100 000 per year.
The property is suitable for applying for funding from the European Union and the State Fund for Agriculture.
All necessary agricultural activities are currently being carried out in the garden for the 2019 harvest - a time very suitable for viewing by interested investors, prospective partners or buyers. In a deal, we can help step into a big market in Asia.
Opportunity for partial investment and / or signing a joint venture agreement.
Excellent investment with extremely attractive returns for every investor.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Real Property Included


Agricultural plot, situated near the Hemus Highway - 70km from Varna City, Varna Port and Airport.

Business Operation

Expansion Potential:

Under the right management , expansion within several years is a guarantee. With each passing year the trees grow and bear more fruit, as you can see the yield for the past years: 2015 - 75 t, 2016 -112 t. , 2017 - 202 t. , 2018 -321 t., 2019-388 t., 2020-420 t.

Reasons for selling:

Retirement due to health issues.

Number of working hands varies season to season. We frequently have employed around 100-150 people daily to carry out harvest and 3-4 local people for the maintenance of the orchard year round.
Years established:
11 Years

Other Information

Support & training:

We are willing to provide information, advice and active assistance in order to guide the new owner within the confines of the business, as well as sharing the "know-how".

Contact Information

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