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Buy & Resell All Scrap Metal

Location  Texas,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $963000
Net Profit / Cash Flow  $150000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1986
Number of Employees  4 - 5
Inventory  225000
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Owned
Training  Key employees will most likely stay on after the sale. Owner will stay for the transition period and would be willing to assist with any enhancement decisions.
Reason for Sale  Retirement.
Description  This well established, Texas-based business buys and resells all types of scrap metal. This includes steel, iron, copper and aluminum, as well as ferrous & non-ferrous metals. They have been successfully providing their services to satisfied companies & individual customers since 1986. Electric appliances and miscellaneous items are the most common products that they process; they also handle ''the big boys'' such as drilling pumps, cast iron and other heavy machinery. They specialize in heavy cast iron, breaking it up to cupola size and selling it to foundries and steel mills to be melted down. There are very limited resources in the area for breaking up cast iron, especially the kind weighing 15-30,000 pounds! This firm reduces large pieces down to 500 lbs or less for their clients. Unlike many other recycling companies, they bring a container to the client and haul the scrap back to the field! They often buy from Louisiana, after which the products are shipped through railroads. This business can be operated in either a hands-on or absentee capacity. The current owners are ready to retire, providing a fantastic opportunity for a new owner to buy a solid cash flow business with environmental importance and take it to the next level. Aluminum and steel create a waste disposal problem. Americans use 100 million steel cans and 200 million aluminum cans every day. After source reduction (using less aluminum to make a can, for example), recycling is the most efficient way to lower aluminum and steel waste. This attractive opportunity offers a rare combination of a niche market, proven financials, and successful performance year after year with growth potential. Contact today for further details! The primary business activity of this company is the buying and re-selling of scrap metal from individuals and companies. 90% of revenues come from their industrial service accounts.
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