Business for Sale Overview:
Illinois Metal Recycling Center – This facility is a great bargain in a great location. It has been open for over 1.5 years, and it was recently reopened under new management. While this reopening action solved many problems, it has put continuing operations under the control of the half-owner who should be doing less rather than more due to having recently dealt with heart problems. The other half owners are too far away to run the business. Thus, it creates a great opportunity for a new Owner to acquire an exceptional facility with what is expected to be a highly profitable future. The main building is a nearly new 6,000 square feet structure with a concrete floor on five acres. The Intermediary has access to other metal recycling centers in this part of our nation (some of them larger than this facility) that could be purchased simultaneously and which would enlarge upon and complement the operations of this business. These other facilities could, for example, be of interest to Buyers with minimum size, revenue or purchase price constraints, as their simultaneous acquisition would create a larger business to be purchased. The sales and cash flow numbers stated below are “guesstimates” as the actual performance of the business is not well known to the Sellers.
Furniture, Fixtures, & Equipment: $355,000
Inventory: $10,000
Land and Building (if included): $350,000
Asking Price: $1,100,000
Down Payment: $220,000
Annual Sales Volume: $2,500,000
Cash Flow: $750,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This facility is a great bargain in a great location. The main building is a nearly new 6,000 square feet structure with a concrete floor on five acres.
Market Competition and Expansion:
This business has great expansion potential. The nearest business of its type is understood to be over 12 miles away, which is a great situation in this line of business. Since the business has not been open for an excessive period of time, there is still a lot of improvement possible with word of mouth advertising and with the existence of the business becoming better known.
Reason for Selling:
Health (heart attacks) of nearest owner.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.