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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
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| 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 |
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| 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. |
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| Email: |
blaw@biz-sold.com |
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