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A METAL MERCHANT WITH A RAPIDLY EXPANDING VEHICLE ENGINE AND PANELS EXPORT PROFILE

Undisclosed

CONFIDENTIAL SALE

  • Leasehold: Price on Application
  • Turnover: £9,000,000 £173,077 Per week
  • Net Profit: On request

Business Details

BASED IN THE SOUTH OF ENGLAND
Turnover of £9m, with an EBITDA of £1.5m. Operates as an authorised treatment facility, managing both ferrous and
non-ferrous metals and end-of-life vehicles. Undertakes a rigorous depollution process, with recyclable parts, including
engines, catalytic converters and panels, removed for resale before vehicles are crushed. Metals are sold on to metal processors and recyclable parts to vehicle repair shops on an international basis, with the company receiving regular repeat business from its long-standing client base. Operates a web-based vehicle acquisition service, which enables it to attract a continuous volume of first-phase end-of-life vehicles. Extensive facilities have the capacity to depollute up to 100 cars every day, with the group currently handling 1,500 tonnes of material each month. Experienced second-tier management team in place to oversee all operations post-sale. Operates from three leasehold premises, all of which are owned by the Shareholders and will be included in the sale on a leasehold basis. The Shareholders are offering the company for sale as part of their retirement plans. Offers invited.

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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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