Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Freehold Motor Salvage, Vehicle Dismantle, Skip Hire & Scrap Metal Business
LISTING DETAILS
Firms For Sale ID:
33051
Vendor reference:
CT033
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,350,000
Turnover / revenue:
£600,000
Net profit / cashflow:
Undisclosed
Years established:
48
Trading hours:
Currently 0800-1730 7 days but could expand
Number of employees:
8
Employees / staffing:
The vendor currently works full time in the business through choice. The company also employs the following personnel:
• Office Manager (full time)
• 4 Yard Operatives (full time)
• 3 Drivers (full time)
Staff are hard working and most have been with the business several years. They all fully understand the business operation and their roles within it.
OTHER DETAILS
Reason for selling:
The vendor believes the business would now benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. He also has other projects he wishes to develop further.
Support and training:
The current owner would be happy to provide full training and support at handover and stay on for a period of time after the sale if so required subject to negotiation. This should be a realtively simple process as the business has an excellent team in place.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Motor Salvage, Vehicle Dismantle, Skip Hire & Scrap Metal Business
Authorised Treatment Facility (ATF) Licensed
Ref.CT033
Location Cheshire
Asking Price £ 1,350,000
This is an excellent opportunity to acquire a truly established vehicle dismantler and salvage business that has been successfully trading since 1965. The current business has almost 60 years trading experience and in that time the business has established a real presence in the market it serves and an excellent reputation. It has a full Authorised Treatment Facility (ATF) license and an impressive infrastructure, including a comprehensive range of plant and equipment that enables it to provide customers with the exceptional levels of service that sets this business apart.
The business has multiple revenue streams. The majority of its work (80%) is generated from the dismantling and salvage of motor vehicles (cars and light commercial generally). The business then sells on the various components, both used and new, to a wide variety of clients. This also incorporates the sale and fitting if so required of both tyres and batteries. It also offers free collection of vehicles.
The business also buys non ferrous metal - copper; brass, lead, aluminum etc., at very competitive prices for recycling purposes.
In addition to this the business also provides a Skip Hire service that is very popular and ripe for further expansion.
The company has a large, loyal and diverse customer base that has built up over the years. Clients include trade customers, the emergency services and other public sector organisations as well as the general public.
The business operates from a superb freehold location. The site is circa 3 acres and very accessible. There are many development opportunities available for a new owner on this site for the business to expand or for other development use. There is little in the way of local competition and we are advised by the vendor that there are no restrictions on operating hours.
Expansion Potential
There is spare capacity within the current set up. The customer base is large. The business’s reputation is such that it is well positioned for future work in this growing market with strong demand for salvage and recycling facilities
Market / Competition / Non-Competition Agreements
The business does very little in the way or marketing itself as it has an historical market presence that generates lots of repeat business and referrals from word of mouth recommendations. It does undertake a small amount of local paper advertising and has a very basic website which could certainly benefit from some further development.