Long Standing Scrap Metal Recycling Business and Real Estate
| Asking Price: | $540,000 |
| FF&E: | $170,400 |
| Gross Revenue: | $292,487 |
| Established Year: | 1947 |
This Scrap metal recycling company has been in business since 1947, and has been owned and operated for three generations by the same family. They purchase unprocessed metals, sort and separate them by metal type and grades, then sell the metals wholesale. The success of this business is attributed to excellent relationships with community partners, loyal customers who appreciate the fair prices, and to long-standing wholesale buyers of ferrous and non-ferrous metals.
This business recycles anything that contains metals such as aluminum, brass, copper, iron, lead and zinc. Items they buy for recycling include appliances, bicycles, chainsaws, doors, fencing, garden and yard equipment, piping, snowmobiles and junk trucks and cars. Vehicles and equipment used to operate this business are included in the sale.
They have several market advantages over other recycling businesses in the region. Including partnerships with the University of Maine system, colleges, and the local hospital and its affiliates to pick up items for waste disposal and recycling. They have commercial and industrial partnerships with garages, car dealerships and other businesses. They also buy metals directly from customers. The non ferrous metals have been purchased by a family- operated business in New Hampshire for over forty years. Ferrous metals are sold locally.
Their prices and earnings are always dependent on the stock market. This year copper and other metal prices have reached prices never seen before. Their loyal customers have trusted them for many years, and this has helped the business be successful over time through stock market ups and downs. They are an honest, trusted family business with some customers that have been selling metals to them since their grandfather owned and operated it.
