Total of 18656 firms and businesses for sale today Thursday 25th April 2024
Business For Sale. Scrap Metal Dealer Specialising In Non Ferrous Metals
LISTING DETAILS
Firms For Sale ID:
13694
Vendor reference:
CT009
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
£8,580,000
Net profit / cashflow:
Undisclosed
Years established:
40
Number of employees:
10
Employees / staffing:
As well as the owner who works within the business there a 9 fully trained operatives and one administrative assistant. All employees are full time.
Note- there is no second tier management in place at this time. It is the vendor’s view that this would best suit a buyer already familiar with this industry sector
OTHER DETAILS
Reason for selling:
Retirement.
Support and training:
The current owners will provide all necessary training and all relevant contacts to allow continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Scrap Metal Dealer Specialising in Non Ferrous Metals
Ref.CT009
Location Merseyside
Asking Price £4 Million
This business was founded in the early 1970s by the current owners and since then has built up a sterling reputation in the market as a reliable high quality scrap metal dealer. Whilst specialising in the handling of non-ferrous metals the business holds all the relevent licenses, environmental and health and safety certification to handle both ferrous and non-ferrous materials as well as plastics and other such recycleable materials.
The business is able to provide clients with a collection, processing and delivery service offering a total solution for the waste sector, industry and the public community. Strategically located near to superb dockside facilities, allowing it access to near Continental markets as well as deep sea destinations.
The business has invested well in equipment and currently handles approx 350-400 tonnes of material a month. However just with the current infrastructure in place it could quite easily accommodate an additional 100% throughput.
With a comprehensive range of processing equipment, the business is well placed to continue selling its non-ferrous products to discerning quality end users including wholesalers, major retailers and leading refineries and smelters in the UK, Europe and Asian markets.
This market is currently experiencing huge growth partly fuelled by the enormous demand for products in China and Eastern Europe and is expected to continue in the medium term at the very least. The business is well positioned to service this ongoing demand with its ability to handle both ferrous and non-ferrous materials and other such recycled products.
Expansion Potential
The current market for this business is growing. The business is well positioned to take maximum advantage of this growth as it occurs as it already has key relationships within the sector. Business operations are not at maximum capacity given the companies existing infrastructure and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with current market demand.
To date the business has been built without any real sales and marketing activity. It is understood that further development of this function would reap immediate rewards.
Market / Competition / Non-Competition Agreements
The business has never seen the need to advertise in the past and there are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.