Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Plastics Recycling And Reprocessing Plant
LISTING DETAILS
Firms For Sale ID:
34647
Vendor reference:
CT041
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£250,000
Turnover / revenue:
£900,000
Net profit / cashflow:
Undisclosed
Years established:
29
Number of employees:
19
Employees / staffing:
The vendors choose to work in the business on a day to day basis and are responsible for sales and technical development. The business has also put in place an excellent team who are able to manage and run the business with a minimum level of supervision.
Employees include:
8x Full time yard staff
2x Full time Drivers
6x Full time machine operators
2x Full time Managers/Engineers
1x Full time Administrator
The business appreciates that its staff are real assets. They are fully conversant with the latest products and process techniques, not to mention health and safety and on-site legislation requirements and manage these factors on a day to day basis.
OTHER DETAILS
Reason for selling:
Retirement.
Support and training:
The vendor is happy to provide a comprehensive handover to ensure a smooth seamless transition.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is managed from leasehold premises consisting of offices of circa 500 square feet in one building with circa 10,000 square feet of reprocessing area. An adjacent building has circa 10,000 square feet of processing area.
Both buildings have an adjacent yard of circa 1 acre for storage and materials management.
The premises are situated on railway sidings in close proximity to many large industrial units, close to a busy trunk road with easy and ready access to motorways and the UK road network.
Rent and rates: c GBP 100,000 p.a.
Electricity: c GBP 60,000.
BUSINESS DESCRIPTION
Plastics Recycling and Reprocessing Plant
Ref. CT041
Location : South Coast
Asking Price : GBP ?250,000 Inc. net assets
This well established and successful plastics recycling company (Partnership) is one of the largest and most significant recycling companies in the south of England, with a well-earned reputation for the breadth of its services and abilities in solving some of the most troubling or sometimes seemingly intractable issues relating to maximising the potential for recycled plastics.
The company has been operating since 1988 and processes a wide range of plastic products, creating the highest quality recycled product sufficient for some of the highest added value plastics products.
This is a family run company and managed by two partners who have known each other for many years predating the founding of the company; and this friendly nature is responsible for the hard working and motivated quality of its people. The company takes enormous pride in its personal service, attention to detail, quality and professionalism, ensuring that the highest standards are maintained throughout the entire duration of a product recycling journey.
This business has grown from its earliest days where product for recycling would be trailered behind the founders family cars to become one of the best known and significant providers of recycling services in the UK.
Expansion Potential
The business currently operates on a regional scale concerning the supply of raw material from County Councils and other sources of commercial and consumer waste plastics but in terms of sales of reprocessed product, the company trades all over the UK. There is no reason why it cannot further develop its presence in other international markets should a new owner so require.
Some product is sold to the Chinese market via a 3rd party and this could considered internally.
The company has also engaged in modest trading activities, which the owners believe could be expanded upon with excellent returns.
Market / Competition / Non-Competition Agreements
The company has a comprehensive and attractive website detailing products and activities and has engaged in some search engine optimisation but not in a planned or methodical fashion.