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Scrap Metal Recycler for Industrial Businesses

The owner of this scrap metal recycling company started it 20 years ago. For a scrap metal yard, it is a very clean operation and they do not do environmental sensitive materials. Ferrous and Non-Ferrous metals are recycled. 90% of the metals come from large industrial concerns which the company picks up deliveries regularly with its own fleet. Processing is done at the yard with Scheers and a large chopper that cost over $1M. The metals are then placed in rail cars for shipment to steel processors for meltdown. Sales in the first 6 months of 2008 are $4.4M with over $1.5M profit. A second location an hour away is available for set up as it is on a rail switch and is permitted. This is in addition to the $4.9M for the business and real property at the main facility. Financially qualfiied buyers only. All Buyers must sign a confidentiality agreement before getting additional info. Principals only, no exceptions and no broker buyer reps. Contact Bill Law at 704-904-6624 or email bill@sunbeltbrokers.biz

Industry:  Manufacturing
Industry Segment:  Metals Components Manufacturing
Geography:  United States > North Carolina
Asking Price:  $4,900,000
Gross Revenue:  $5,500,000
Cash Flow:  $1,700,000
Value of Inventory:  $200,000 (Included in Asking Price)
Value of Equipment:  $2,000,000 (Included in Asking Price)
Value of Real Estate:  $900,000 (Included in Asking Price)
Seller Financing:  Seller prefers an all cash transaction. A small amount of seller financing may be considered on a buyer for buyer basis only
Year Established:  1988
Number of Employees:  20 full time -
Reason For Selling:  Burn-out and other interests, some health concerns
Facilities:  8,000 SF building on approximately 17 acres. No formal appraisal at hand.
Email:  blaw@biz-sold.com

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