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State Of The Art Tri-County Metal Recycling Co For Sale

Miami Dade, Florida, US
Asking Price:
$11,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$13,895,640 (USD)
Cash Flow:
$3,064,452 (USD)

14 years of recycling gives this South Florida scrap metal business an impressive trading record, a substantial amount of goodwill, and all the “Big Boys Toys” you’ll ever need are included in the sale. The owner managed to finance the company’s growth entirely from cash flow.
The company purchases a variety of scrap metals from individual and commercial accounts, sorting and processing the metals into specification grade commodities and resells them as valuable feedstock material to industrial partners.
Due to health reasons the seller has decided to retire. The Company operates in an industry estimated to approximate $39.4bn.
The motivation for a sale is both to generate liquidity for the company’s shareholders as well as to better align the company with an organization that will enable it to reach the next level of success. Please refer to listing 0101298270, business broker Aniss Cherkaoui when you inquire about this listing.

Property Information

Real Estate:

Lease

Lease Terms:

Type of Location Industrial Facilities Monthly Rent $38,000.00 Square Units (Foot, Meter) 200,000 Lease Expiration Date October 7, 2020, 12:00:00 AM Terms Options Open

Leasehold Rent:

$38,000 (USD) per annum

Premises Details:

Type of Location Industrial Facilities Monthly Rent $38,000.00 Square Units (Foot, Meter) 200,000 Lease Expiration Date October 7, 2020, 12:00:00 AM Terms Options Open

Business Operation

Competition / Market:

Miles Seller Not to Compete Within 10,000 Number of Years Seller Not to Compete For 5

Reasons for selling:

other Interest

Employees:
30
Years established:
2015

Other Information

Support & training:

For 4 weeks at no cost

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Financing Terms $2,500,000.00 Owner Financing Interest 5% Owner Financing Terms Months 120 Owner Financing Monthly Payment $26,516.00 Seller Financing Available Assumable Financing Amount $0.00 Assumable Financing Interest Assumable Financing Term Months 0 Assumable Financing Monthly Payment $0.00 Lender Prequalified Other Financing Amount $5,000,000.00 Other Financing Interest 7.25% Other Financing Term Months 120 Other Financing Monthly Payment $58,701.00

Furniture / Fixtures value:
$3,500,000 (USD) - included in the asking price
Inventory / Stock value:
$500,000 (USD) - included in the asking price

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