Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Specialist Metal Recycling Company Purchase & Sale Of Non Ferrous Scrap Metal
LISTING DETAILS
Firms For Sale ID:
34575
Vendor reference:
CT040
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£60,000
Turnover / revenue:
£470,600
Net profit / cashflow:
£108,000
Years established:
5
Trading hours:
Tuesday Friday: 8:30am 4:30pm
Saturday: 8:30am 12noon
Sunday/Monday Closed
Number of employees:
1
Employees / staffing:
The owner operates the business ably assisted by 1 driver.
OTHER DETAILS
Reason for selling:
The business is for sale due to family commitments.
Support and training:
The owner would be happy to help in order to provide a smooth transition of the business to the new owner.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises of circa 2,800 sq. ft. that comprise of an office, workshop and parking.
The lease is on a 6 month rolling contract.
Rent is GBP 12,680 per annum
Rates are GBP 6,129 per annum
BUSINESS DESCRIPTION
Specialist Metal Recycling Company
Purchase & Sale of Non Ferrous Scrap Metal
Ref. CT040
Location : Huntingdon, Cambridgeshire
Asking Price : GBP 60,000
This family run business was established by the vendor in 2011, and is an opportunity to acquire an established recycling company that buys and sells non ferrous scrap metal.
The scrap metal is bought from clients, paying competitive prices, who produce metal as a by product of their manufacturing process. This metal is then sold to larger scrap yards for recycling. The business specialises in dealing with copper, aluminium, stainless
steel, lead, brass, batteries, cables etc. and are able to handle high volumes of scrap metal.
An enviable database of regular clients has been established mainly plumbers, builders, and metal engineers.
Recycling skips are delivered to clients for them to fill with unwanted metal waste. The recycling skip is then collected and weighed on fully calibrated weighbridges before payment is made to the client.
As a trusted scrap metal buyer, the business take full responsibility of the waste once it haws been collected and ensure it is recycled efficiently.
The business has established a very good reputation providing excellent service standards that can only be found at local level.
Expansion Potential
By itself this is an excellent opportunity for new owners to purchase a well-run, profitable business in its own right and operating in a growth market. If you then consider there is little competition in the area, there would be an opportunity to expand their operation geographically, extend the working hours and also invest in additional staff and vehicles to attract more business and profits.
Market / Competition / Non-Competition Agreements
The business has a website to advertise its services.