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Gold Silver & Platinum Precious metals Recycling Business For sale

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
255886
Leasehold Price: £500,000
Annual Rent: £23,000
Annual Turnover: £1,700,000
Annual Net Profit: £90,000

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.

Listing Details
Location: Undisclosed, Undisclosed
Sector: Scrap Yards, Jewellery Shops
Key Features
  • High Turnover
  • Company for Sale
  • Unique Business
  • Accounts Available
  • Offers Invited
  • Retirement Sale
  • Established Business
  • Prime Location
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