Listing ID: 79050
What a fantastic opportunity to own a hard to find metal recycling yard! This fast growing yard consist of numinous buildings, concrete slabs & block dividers for clean separation of materials. The yard is a convenient metals drop off for consumers going to the local transfer station and just 2 miles from Turnpike exit 19. The property is approved for expansion to erect a 40’X40′ building and more concrete slabs & dividers. This yard does not process automobiles on site to keep the yard clean and profitable. Also included is a 2.41 +/- acre lot with buildable area and a common fire pond. This is a wonderful and rare investment opportunity! Contact us for more information.
- Asking Price: $1,800,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Buildings include a 1,300' Sq.Ft. with 2 overhead doors and a 510' Sq.Ft. scale house. A 12" thick reinforced 50'X50' concrete slab with durable concrete block containment dividers for delineated materials.
Owner will stay on for a smooth transition.
Retirement and other interest.
Very Little competition.
Great growth potential.
The venture was established in 2018, making the business 4 years old.
The deal shall include inventory valued at $8,000, which is included in the asking price.
The company has 3 employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the true factor and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, yet rather, make use of the seller's solution in conjunction with your overall due diligence. This will paint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that profit margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Often times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Specific elements such as new competition sprouting up around the location, roadway construction, and employee turn over can influence repeat customers and negatively influence future earnings. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the opportunity to develop a returning client base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood median household income impact future revenue prospects?