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CONFIDENTIAL SALE
FOR SALE
25/04/22
294237
Profitable metal recycling business for sale
We invite offers for this thriving family-run 60-year-old metal recycling business complete with associated freehold land. Established in the 1960s, the business has grown a loyal customer base and supply chain, providing a sustained annual turnover of over seven figures.
The business holds all relevant environmental, health and safety certifications to handle ferrous and non-ferrous metals. Over the years, the business has invested wisely in equipment and currently provides clients with turnkey solutions for their waste management needs through the roll-on-off collection, processing, and delivery with scope for further management opportunities.
While the throughput handled by the founder is currently up to 150 tonnes per month, the current equipment and land can handle more than double that. The capabilities of the yard are paired with the strategic location. It is close to the major road, rail, and seaport arteries, and the potential for substantial growth is plain to see.
The reason this business is on the market is that the owners wish to retire.
Sale particulars:-
— Highly profitable 60-year-old metal recycling business. It is complete with machinery and approx. 1-acre freehold land providing good margins.
— Excellent reputation with a loyal customer base.
— Regular and loyal supply chain providing sustainable turnover and provision for substantial future growth.
— Currently serving local industry within a 30-mile radius of the site.
— Excellent location in a thriving and expanding town close to major road and rail networks, providing easy access to principal reprocessing clients, seaports, and the international market for future growth.
Below is a guide to the accounts - full and detailed accounts will be made available to suitable enquiries only – NDA required.
— Turnover (20/21) = >£2m.
— Debt = £0
— Land mortgage = £0
Assets included in sale:-
— Lorries: one x 8-wheel roll-on-off, one x chain lift up to 40-yard skip size.
— Forklift: 1
— Grab handling Machine: 2
— Loader (Loading Shovel): 1
— Operational Digital Weighbridge: 50 m/ton.
— Land: Approximately one acre including office and storage buildings.
*Current owners willing to act as consultants for an agreed time during ownership transition to aid with client and supplier introductions.
ASKING PRICE: Serious offers circa £2,300,000
Pre-screening process:-
In your response, please provide brief details of the following:
1) Are you in a financial position to purchase?
2) What is your anticipated timeframe?
Get in touch for more information.
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.
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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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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