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Business For Sale
JUNK YARD DOG WANTS OUT NOW!
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Wholesale/Distribution: Durable Goods
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Reason for Selling:
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Past due retirement. |
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Year Established:
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1977 |
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# of Employees:
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19 |
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Yearly Revenues:
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$3,000,000 |
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Yearly Cash Flow:
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$1,006,000 |
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Yearly EBITDA:
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$920,000 |
Business for Sale Overview:
This business performs in a market of strengthening global demand for its product, RECYCLED STEEL. The developing Asian countries and U.S. mini-mills are realizing greater efficiencies utilizing recyled steel, since the product requires 60% less energy for production than steel. This product pricing is directly associated with the cost of energy and demand of developing countries for steel. The Western ports of the U.S. specialize in the demand of the developing asian markets. The company has experienced a 23+% averaged earning increase this decade, while increasing its efficiencies with investments in machinery and strengthened morale of the workforce, since the termination of a non-productive General Manager earlier this year. EBITDA of 2005: 515,650. 2004: 1,074,413. And a conservative projection of 920,000 for 2006.
The company earns from three stable revenue sources:
1. Municipal Governments for TOWING and STORAGE operations.
2. WHOLESALE SALES OF DISMANTLED AUTO PARTS. Their specialty niche is domestic late model mechanical and body parts marketed through their Hollander intranet system to 2500 wholesalers, throughout the U.S. and Canada. This portion of the business also has a loyal and strong established clientel of mechanics and body shops. 3. RECYCLE SALES, the primary revenue source of the company, are subject to Global Demand and price fluctuations tied to energy. Sales of the recycled product are most often performed with an $800M processor located in the east bay. The business is managed by its "Remote Absentee", 80 year-old owner, 250 miles off-site, and visited twice a month to refresh his employees. Real estate of the Main Site is included in the offering, and continues to experience appreciation, as major Class A office buildings continue development near the property, located in the bay area.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner is not willing to work for 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.
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