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Very Profitable Metal Recycling Business Lincolnshire For Sale

Lincolnshire, UK
Asking Price:
£2,300,000 Furniture / Fixtures included
Turnover:
£1M - £5M
Net Profit:
£500K - £2.5M

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 in excess of 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 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. Pair the capabilities of the yard with the strategic location, close to major road, rail, and seaport arteries, and the potential for substantial growth is plain to see.

The only reason this business is on the market is due to the owners wanting to retirement.

Due to the age of the owners, they have maintained a steady level of business that is comfortable for them to manage while freely admitting there is a lot more business in their operational radius to more than double turnover.

A potential growth plan showing a conservative 19% increase in turnover, where that could come from and how to achieve it in the first twelve months of new ownership, has been developed and will be provided to suitable potential buyers.

Sale Particulars:

— Highly profitable, 60-year-old metal recycling business, 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 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
— Net Profits (20/21) >£500k
— Debt = £0
— Land mortgage = £0

Assets included in sale:

— Lorries = 1 x 8-wheel roll-on-off, 1 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 = Approx. 1 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 to the following:

1) Are you in a financial position to purchase?
2) What is your anticipated timeframe?

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Location:

Strategic location, close to major road, rail, and seaport arteries, adding to the potential for substantial growth.

Premises Details:

The business operates from a freehold plot of land approximately 1 acre in size, which is combined in the sale.

Business Operation

Expansion Potential:

Due to the age of the owners, they have maintained a steady level of business that is comfortable for them to manage while freely admitting there is a lot more business in their operational radius to more than double turnover.

A potential growth plan showing a conservative 19% increase in turnover, where that could come from and how to achieve it, in the first twelve months of new ownership has been developed and will be provided to suitable potential buyers.

Competition / Market:

While competition does exist, it is few and far between. The business gained an increased advantage over the competition during the lockdown period by maintaining an open-door policy to their existing clients which allowed them to gain further business from their major competitors. They have since built trusting relationships and maintained that business post-covid lockdown.

Reasons for selling:

Owners wanting to retire.

Trading hours:

Normal business hours:

Mon - Fri = 07:30 - 16:30
Sat = 07:30 - 12:00

Employees:
1 part-time + 3 self employed full-time
Years established:
70+

Other Information

Support & training:

Principal partner willing to stay for an agreed period of time as a consultant to aid in the introduction to existing client and supply chain.

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