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Skip Hire And Licensed Waste Management Company For Sale

Devon, Devon
Asking Price:
£1,150,000
Turnover:
£1,100,000
Net Profit:
£244,000

This well-established Skip Hire and Waste Management company has been successfully trading since 1987 and was founded by the vendor. He saw an opportunity in the market to create a modern waste collection and management business on the south coast of Devon that would be based upon the responsible treatment of waste for an environmentally sensitive age and also the highest quality of customer service.

These services are provided to regular commercial and private customers, offering a wide range of skips, wheeled plastic bins and larger commercial bins for regular waste collection. The business operates from a large and well equipped site and has an excellent website with full details of the products on offer and recommended uses of those products, including an informative video explaining the way in which all waste is treated.

The business has been profitable from inception and has essentially kept trading even with the competition that is now there in this market. It has established an excellent name and has a good relationship with its customers.

The business is fully licensed for the responsible separation and management of commercial and domestic waste products and takes great care to ensure that all compliance with keen environmental requirements are up to date and that services are maintained to the highest standards.

Staff are well trained and are relied upon for long periods of time, to manage busness operations reliably since the vendor takes long periods away from day to day activities and general management duties.

Equipment:

The company has invested in a good level of plant and equipment in order to manufacture high quality products.

The business utilises Sage accounting software to run the administrative functions of the business.

Customer Service:

The customer service is excellent and staff offer knowledgeable and helpful advice for all products and services and any other enquiries that occur.

Key Strengths:

• Honesty and Integrity
• Strong team ethic
• Professional Management team and staff
• Problem solving
• Reputation and detail
• Commercial and domestic customer base
• Accreditations
• Complete turnkey operation
• Good level of plant and equipment

Key Opportunities:

There is a lot of work to be gained. The business would benefit from a new owner with more energy to explore currently unexploited opportunities. A more proactive approach to sales and marketing could further increase revenues in the future.

Another avenue would be to diverse into facilities management and other complimentary services and possibly employing road sales representatives to travel and gain business from further afield.

Financial Information:

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa: £1.1M per annum
Gross Profit circa: £314,000 per annum
Adjusted Net Profit circa: £244,000 per annum
Net Assets circa: £707,000

Property information

Property:

Leasehold

Lease Terms:

The business runs from large premises, with a new lease recently negotiated for a further 21 years with rent reviews every 3 years.

Premises Details:

The premises comprise of two yards with joint access and each with a “Portakabin” office on site. The combined operating area for waste management and plant & equipment storage is circa 2,500 square metres and includes a maintenance area with pit and equipment.

Both yards have secure fencing, the offices are fully alarmed with floodlighting and CCTV. Mains services are connected with Gas, Electricity and Broadband.

Business Operation

Competition / Market:

Extensive and professional internet marketing is undertaken along with local directory advertising to highlight the company’s products and services.

The business has an excellent website that presents the high quality and diversity of products and services on offer.

Reasons for selling:

Genuine retirement

Trading hours:

Monday – Friday: 8:00am – 5:00 pm
Saturday: 8:00am – 1:00pm (Not during Winter months)

Employees:
14
Years established:
30

Other Information

Support & training:

A potential buyer would be offered one month of free consultancy to help with the transition of the ownership. This would allow for the minimal amount of interruption to the running of the business and maintain a high level of customer service and order fulfilment.

Contact Information

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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