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Finance And Services:

Sold. Motor Salvage Specialist Comprehensive Range Of Licenses Including ?end Of Life Treatment

LISTING DETAILS
Firms For Sale ID:
13704
Vendor reference:
AL102
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£400,000  
Turnover / revenue:
£350,000
Net profit / cashflow:
Undisclosed
Years established:
45
Trading hours:
Monday – Friday 0900-1700 Saturday 0930-1400
Number of employees:
5

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
The current owners will provide all necessary handover and training and all relevant contacts to allow continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The main salvage yard is a 2 acre site. It is leased from the local council and has 8 years remaining on a initial 20 year lease. The lease can be extended at any point and is re-assignable.Rent is circa £1700/month. Rates are circa £8000 p.a The parts building is situated adjacent to the main site and comprises a freehold property , value is circa £225,000
 
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BUSINESS DESCRIPTION
Motor Salvage Specialist
Comprehensive Range of Licenses including “End Of Life Treatment”

Ref.AL102
Location Greater Manchester
Asking Price £ 400,000

This business was founded some 45 years ago and has been under the stewardship of the current owners for some 20 years. In that time it has built up a sterling reputation in the market as a reliable high quality motor salvage specialist dealing with ALL aspects of Cars, Vans and Jeeps. The business holds all the relevent licenses, environmental and health and safety certification to salvage ALL parts of the vehicle and these include:

• End Of Life Treatment License (to hold up to 3000 tonnes of processed scrap)
• Hazardous Waste License
• Scrap Metal License (to hold up to 600 vehicles at any one time)
• Carriers License

The business has invested well in equipment over the years and has the capacity to handle some £2 Million of turnover with its current infrastructure (100 cars a week) and set up. The owner has chosen not to do so at present and has spent his time developing an additional revenue stream for the business, namely self –contained storage rental.

Part of the site has been redeveloped and housses 15 containers which are rented out for secure storage to a variety of customers. This areas has gated access control, CCTV and floodlighting and provides a good rental income to the business.

With a comprehensive range of processing equipment, a well stocked parts department and an ongoing demand for its products and services the business is well placed to continue successfully trading, especially as it has a reputation for dealing with the very latest models of vehicles (2000 onwards up to 07 plate at time of writing).

Expansion Potential
The current markets for this business are growing. The business is well positioned to take maximum advantage of this growth as it occurs as it already has key relationships within the sector, be it with insurance companies, fleet management agencies and the like. Business operations are not at maximum capacity given the companies existing infrastructure and there remains considerable scope for an increase in sales and profit simply by gearing operations in line with current market demand.

To date the business has been built without any real sales and marketing activity. It is understood that further development of this function would reap immediate rewards , as would increased opening hours