Owner Financing is Available!
Business Overview:
Illinois Metal Recycling Center – This Southern Illinois facility is a great bargain in a great location. The stated Asking Price of $1,500,000 includes $350,000 of real estate, but the total price is shown because the business will not be sold without the real estate and vice versa. The Asking Price for the Business is $1,150,000. This metal recycling center has been open for over two years, and it was reopened a few months ago 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 two past heart attacks. The other 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 an excellent (and thick) concrete floor on approximately five acres. The large scale (used for measuring loaded vehicles (on the way in) and unloaded vehicles (on the way out)) is also nearly new. 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. However, activity since the facility was reopened has tended to substantiate the “guesstimates”.
Furniture, Fixtures, & Equipment: $555,000
Vehicles and / or rolling stock: $-0-
Inventory: $10,000
Accounts Receivable (if included): $-0-
Land and Building (if included): $350,000
Other Assets: $-0-
Current Liabilities to be assumed: $-0-
Current Notes to be assumed $-0-
Asking Price: $1,500,000
Down Payment: $225,000
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 to the left. We look forward to hearing from you.
Property Features and Assets:
6,000 square feet building (like new) on approximately 5 acres near and visible from a state highway.
Market Competition and Expansion:
As long as reasonable prices are provided and the Owner is friendly to those bringing in scrap material, the people won't drive a long distance to take their material to a metal recycling center owned by someone else. This business is actually able to draw from a larger area.
Reason for Selling:
Health of 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.