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Business For Sale. Waste Transfer Station/recycling Centre & Skip Hire Business

LISTING DETAILS
Firms For Sale ID:
34905
Vendor reference:
CT043
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£530,000  
Turnover / revenue:
£887,000
Net profit / cashflow:
£85,000
Years established:
12
Number of employees:
4
Employees / staffing:
The vendors works full time in the business, one operates as Managing Director, the other works as a driver. The business also employs an office manager, additional drivers, a yard supervisor and a waste operative.

OTHER DETAILS
Reason for selling:
Vendors are planning their exit with future retirement in mind to enjoy the fruit of their labours. The vendors feel they have taken the business to a stage where it now requires new sales and marketing skills to push it through its next period of growth and realise its true potential.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transition. This should be relatively simple as the business model is very straightforward.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Waste Transfer Station/Recycling Centre & Skip Hire Business
Ref. CT043
Location : Lincolnshire
Asking Price : GBP 530,000
Established some 12 years ago this growing Waste Transfer Station business provides a comprehensive and reliable waste management, skip hire and recycling service throughout the Lincolnshire region. It provides a range of solutions from small domestic skips right through to large commercial waste projects for large blue chip companies including power stations.
The vendors have invested heavily in the infrastructure of the business and this is evident in the levels of plant and equipment it has. The business complies with are the necessary guidelines and legislation which ensures it enjoys tender invitations for the most high profile projects in the region, as well as holding all the necessary licenses.
The business is ideally located within a well known industrial area that has excellent access. This is a Waste Transfer Station with sorting shed, covered in bays, workshop and outdoor storage space. The area is fully concreted with drains. It is a secure unit with concrete panel and metal fencing all around. It has gate and electric security barrier. Also CCTV is installed. Approximate size of yard is circa 0.68 of an acre.
Sales are growing year on year and this trend is expected to continue such is the demand for this companys services and the fact that waste/recycling is a growing sector.
The business currently serves a wide range of commercial and domestic clients including large main contractors not to mention small builders and the general public. It has a regular customer base of approximately 50, as well as adhoc clients, that is steadily growing and enjoys excellent levels of repeat business and referrals such are the levels of service it provides.
The business is well managed and provides a very professional service. It has good levels of infrastructure, a strong asset base, limited local competition and the ability to increase operations within these current levels.

Expansion Potential
There is a growing demand for the services of this business. A structured sales and marketing campaign and further advertising would have a significant impact on the volumes of future work and profitability. The vendor at present does not proactively seek business and in some cases cherry picks the work they undertake. Organic growth through word of mouth has been the reason for steady expansion and the addition of a new active web site, corporate brochures and brand development would further increase market awareness of this successful enterprise.

New owners could expand the skips part of the business much further as at present this only accounts for a small part of the sales revenue. There are several large projects happening in the area and the town is growing rapidly with planning for 4000 new homes. Also plans for new schools and medical centre have been passed. The local Power Station also has expansion plans so the business is well placed to benefit from the areas development.

Market / Competition / Non-Competition Agreements
The company does no advertising and doesnt even have a website. All work currently comes via referrals and recommendations.