If I'm honest.... I wouldn't even pay a pound for it. Why would I? I'm a web developer not a baker!
You seem to be approaching the idea of branding from completely ludicrous stand point. Branding isn't creating a 'logo' and then finding a business to sell it to. It's working with a business to redevelop or strengthen their brand based on their specific needs and budget.
I would want this completely redesigned from scratch, if not I would not want to pay a penny for it. If I required a logo, this would not be of any use to me, as it isn't really a logo in it's current state.