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Bottles Cans And Scrap Metal Recycling Center
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Wholesale and Distribution > Wholesale and Distribution




Business Summary

The recyclable material wholesaler businesses in the US have combined annual revenue of about $80 billion. This successful recycling company routinely generates $3.2MM or more in gross revenue.

For over 60 years, the Company has recycled bottles, cans and all types of scrap metal. The Company buys scrap metal from consumers, demolition companies, plumbers, electricians, hauling companies and every-day ordinary people. They purchase the metal, sort, clean, and classify it by type. The metal is then sold to a processor company to be processed and/or exported overseas.

The Company has primarily been managed by the General Manager since 2011 or 2012 with little to no involvement from the owner.

The business premises/real estate is also available for sale. The property is zoned for Heavy Manufacturing (M3-1-CUGU). The lot is approx. 30,000 SF and the warehouse is approx. 4,200 SF. It is a highly specialized industrial property located in a Qualified Opportunity Zone which can provide lucrative tax savings with a 10+ year hold.

The asking price of $749,000 includes approximately $35,000 of inventory. It does not include the real estate which is for sale for its appraised value of $2.8MM.

For further information, contact us today!

Disclaimer: Buyers and sellers of businesses are strongly advised to seek financial and legal advice prior to entering into a contract to buy or sell a business. Broker makes no representation to the buyer of any kind. All information and representations are provided by the seller, the completeness and accuracy of which will not be verified by the broker. Buyer must rely solely on his own investigation and inspection of the business and the seller's representations.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $3,292,000
Cash Flow:   $261,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $93,000
Seller Financing:  No

About The Business

Year Established:  1955
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Divorce Settlement

Photos

View Larger Photo(s) Of Business
Bottles Cans And Scrap Metal Recycling Center Photo 1 Bottles Cans And Scrap Metal Recycling Center Photo 2 Bottles Cans And Scrap Metal Recycling Center Photo 3




Print Listing Id: 700342980
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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