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Established some 12 years ago this growing Waste Transfer Station business provides a comprehensive and reliable waste management, skip hire and recycling service throughout the Lincolnshire region. It provides a range of solutions from small domestic skips right through to large commercial waste projects for large blue chip companies including power stations.
The vendors have invested heavily in the infrastructure of the business and this is evident in the levels of plant and equipment it has. The business complies with are the necessary guidelines and legislation which ensures it enjoys tender invitations for the most high profile projects in the region, as well as holding all the necessary licenses.
The business is ideally located within a well-known industrial area that has excellent access. This is a Waste Transfer Station with sorting shed, covered in bays, workshop and outdoor storage space. The area is fully concreted with drains. It is a secure unit with concrete panel and metal fencing all around. It has gate and electric security barrier. Also CCTV is installed. Approximate size of yard is circa 0.68 of an acre.
Sales are growing year on year and this trend is expected to continue such is the demand for this company’s services and the fact that waste/recycling is a growing sector. There is considerable scope to increase the waste transfer side of the business and the recycling centre.
The business currently serves a wide range of commercial and domestic clients including large main contractors not to mention small builders and the general public. It has a regular customer base of approximately 50, as well as ad-hoc clients, that is steadily growing and enjoys excellent levels of repeat business and referrals such are the levels of service it provides.
The business is well managed and provides a very professional service. It has good levels of infrastructure, a strong asset base, limited local competition and the ability to increase operations within these current levels.
The business has a good level of plant and equipment that ensures it can carry out a full turnkey solution for its clients correctly, safely and efficiently. A full asset register is available upon successful completion of our confidentiality agreement.
Equipment includes weighbridge, shredder, vehicle fleet, skips (circa 200) and other such plant.
We are advised that the value of these assets is circa £100,000.
The vendor has also made significant investment in the preparatory works needed to commission and install some of the larger kit over recent years so that the site is somewhat future proofed.
The customer base has grown year on year and this is demonstrated by the ongoing growth pattern. This growth has generally occurred through repeat business and referrals which speaks volumes for the efficiency and effectiveness of this business.
The vendor has identified that a professional and fully accountable service is what large customers need and has invested to ensure they provide the required service. The company is a member of the Federation of Small Businesses (FSB).
This growing business has built up excellent relationships with clients. Ever increasing legislation and corporate awareness must ensure that waste disposal and recycling will play an ever increasingly important role in business in the coming years. Therefore this business, having invested heavily in systems, equipment and delivery has an excellent platform for profitable and controlled growth in the coming years. It has a strong asset base, loyal customer following and limited competition in the area.
The business is ripe for future success as the site has spare capacity. Some of its major customers require additional waste handling services and this business is well positioned to win such work. It could benefit from a sales and marketing campaign to target the many more potential clients who require waste management solutions in the region.
Also there are no scrap yards in the town, the nearest being 20 miles away. This business is constantly asked about scrap, so this may be an area a new owner wishes to develop.
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for last financial year circa £887,000 per annum
Gross Profits circa £320,000 per annum
Operating Profits circa £85,000 per annum
Net Assets circa £360,000 (circa £260,000 freehold and circa £100,000 plant/equipment/vehicles)
This business is growing and has a good level of infrastructure in place to service future growth as it occurs.
This is a Freehold Waste Transfer Station with sorting shed, covered in bays, workshop and outdoor storage space. We are advised the freehold is worth circa £260,000 and this is included within the asking price.
The area is fully concreted with drains. It is a secure unit with concrete panel and metal fencing all around. It has gate and electric security barrier. Also CCTV is installed. Approximate size of yard is circa 0.68 of an acre. There is electric, mains Sewerage and Broadband. Location is good, on well-known industrial estate in the town with good access. We are advised there are currently no rates to pay on the property.
There is a growing demand for the services of this business. A structured sales and marketing campaign and further advertising would have a significant impact on the volumes of future work and profitability. The vendor at present does not proactively seek business and in some cases “cherry picks” the work they undertake. Organic growth through word of mouth has been the reason for steady expansion and the addition of a new active web site, corporate brochures and brand development would further increase market awareness of this successful enterprise.
New owners could expand the skips part of the business much further as at present this only accounts for a small part of the sales revenue. There are several large projects happening in the area and the town is growing rapidly with planning for 4000 new homes. Also plans for new schools and medical centre have been passed. The local Power Station also has expansion plans so the business is well placed to benefit from the areas development.
The company does no advertising and doesn’t even have a website. All work currently comes via referrals and recommendations.
Vendors are planning their exit with future retirement in mind to enjoy the fruit of their labours. The vendors feel they have taken the business to a stage where it now requires new sales and marketing skills to push it through its next period of growth and realise its true potential.
The current owners would be happy to provide full training and support at handover to ensure a seamless transition. This should be relatively simple as the business model is very straightforward.
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