Business for Sale Overview:
This business was founded some 45 years ago and has been under the stewardship of the current owners for some 20 years. In that time, it has built up a sterling reputation in the market as a reliable high quality motor salvage specialist dealing with All aspects of Cars, Vans and Jeeps. The business holds all the relevant licenses, environmental and health and safety certification to salvage All parts of the vehicle and these include:
· End Of Life Treatment License (to hold up to 3,000 tonnes of processed scrap)
· Hazardous Waste License
· Scrap Metal License (to hold up to 600 vehicles at any one time)
· Carriers License
The business has invested well in equipment over the years and has the capacity to handle some £2 Million of turnover with its current infrastructure (100 cars a week) and set up. The owner has chosen not to do so at present and has spent his time developing an additional revenue stream for the business, namely self –contained storage rental.
Part of the site has been redeveloped and houses 15 containers which are rented out for secure storage to a variety of customers. This areas has gated access control, CCTV and floodlighting and provides a good rental income to the business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The main salvage yard is a 2 acre site. It is leased from the local council and has 8 years remaining on a initial 20 year lease. The lease can be extended at any point and is re-assignable. The site has a circa 1,500 square feet workshop with ramp where vehicles are dismantled and fluids removed. There is also a container that has been converted to a tire bay fitted with compressor and associated equipment. The office is located within a porta cabin with toilets as well as an adjacent porta cabin that is used as a staff canteen. Rent is circa £1,700 per month. Rates are circa £8,000 p.a.
Market Competition and Expansion:
The business has used limited advertising to date and utilizes the Auto trade magazine most frequently, as well as being a subscriber/member of the internet based Find A Part service. There are excellent opportunities to increase this in line with a new sales and marketing push and to develop it own website.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.