Business Summary:
Illinois Metal Recycling Center – This facility is a great bargain in a great location. It has been open for over 1.5 years, and it was recently reopened under new management. While this reopening action solved many problems, it has put continuing operations under the control of the half-owner who should be doing less rather than more due to having recently dealt with heart problems. The other half owners are too far away to run the business. Thus, it creates a great opportunity for a new Owner to acquire an exceptional facility with what is expected to be a highly profitable future. The main building is a nearly new 6,000 sq. ft. structure with a concrete floor on five acres. The Intermediary has access to other metal recycling centers in this part of our nation (some of them larger than this facility) that could be purchased simultaneously and which would enlarge upon and complement the operations of this business. These other facilities could, for example, be of interest to Buyers with minimum size, revenue or purchase price constraints, as their simultaneous acquisition would create a larger business to be purchased. The sales and cash flow numbers stated below are “guesstimates” as the actual performance of the business is not well known to the Sellers.
Furniture, Fixtures, & Equipment: $355,000
Vehicles and / or rolling stock: $-0-
Inventory: $10,000
Accounts Receivable (if included): $-0-
Land and Building (if included): $350,000
Other Assets: $-0-
Current Liabilities to be assumed: $-0-
Current Notes to be assumed $-0-
Asking Price: $1,100,000
Down Payment: $220,000
Annual Sales Volume: $2,500,000
Cash Flow: $750,000
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