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Gold Silver & Platinum Precious metals Recycling Business For sale

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Gold Silver & Platinum Precious metals Recycling Business For saleGold Silver & Platinum Precious metals Recycling Business For saleGold Silver & Platinum Precious metals Recycling Business For saleGold Silver & Platinum Precious metals Recycling Business For sale
  • Status

    FOR SALE

  • Date Submitted:

    07/02/20

  • Advert ID

    255886

  • Leasehold: £500,000
  • Rent: £23,000
  • Turnover: £1,700,000 £32,692 Per week
  • Net Profit: £90,000 6% Profit margin

Business Details

Recyclers, Processors and Wholesalers of Gold, Silver, Platinum and Palladium scrap, jewellery, coins and industrial forms, plus watch and diamond buyers.. We are a small family run business that has been trading for 12 years in Birmingham's famous Jewellery Quarter.


Annual turnover is c £ 1.7million with NP at £90,000.

The precious metals recycling sector in the UK has been very busy since 2007 in line with rises in the price of Gold, Silver Platinum and Palladium. In the medium term, we expect the price of precious metals to be stable at the very least, but even if prices were to fall, public demand for financial remuneration for their precious metals is likely to remain constant ie.

%U25CF It may become difficult to buy at scrap price but a "scrap price plus" strategy, in line with trade sales (as opposed to simply scrapping items ) will ensure constant supply and profitability. There are a handful of competitors, but few can compete with our prices, level of service, reputation ie via Google reviews & website traffic (76000 clicks / 12 mos).

%U25CF Profitable well-run and long-established business. Accounts are available to interested parties that understand this business. Also tax returns and VAT statements

%U25CF Extremely busy websites (70,000 clicks per annum) and social media presence as well as the customer to customer recommendation plus 200 Google reviews.

%U25CF Prime location in Birmingham's Jewellery Quarter

%U25CF NB Great opportunities to increase turnover and profitability with the right injection of capital/cashflow ie With investment & improved cash flow, the business would be able to achieve better-reselling terms with refiners & develop the UK trade resale side of the business, both leading to greater profitability, with the latter the key factor.

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Key Features

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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