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AL102-£550,000-Motor Salvage Specialist

Asking Price: GBP 550000
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Business Location: United Kingdom » Manchester » Greater Manchester 
Category: Services » Auto Repair, Parts & Services
Description:
Motor Salvage Specialist
Comprehensive Range of Licenses including “End Of Life Treatment”

Confidentially offered for sale

Ref No:AL102
Location: Greater Manchester

Asking price : £550,000 inc assets
This business was founded some 45 years ago and has been under the stewardship of the current owners for some 20 years. In that time it has built up a sterling reputation in the market as a reliable high quality motor salvage specialist dealing with ALL aspects of Cars, Vans and Jeeps. The business holds all the relevent licenses, environmental and health and safety certification to salvage ALL parts of the vehicle and these include:

· End Of Life Treatment License (to hold up to 3000 tonnes of processed scrap)
· Hazardous Waste License
· Scrap Metal License (to hold up to 600 vehicles at any one time)
· Carriers License

The business has invested well in equipment over the years and has the capacity to handle some £2 Million of turnover with its current infrastructure (100 cars a week) and set up. The owner has chosen not to do so at present and has spent his time developing an additional revenue stream for the business, namely self –contained storage rental.
Part of the site has been redeveloped and housses 15 containers which are rented out for secure storage to a variety of customers. This areas has gated access control, CCTV and floodlighting and provides a good rental income to the business.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 1987
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Reasons for selling:
Retirement
Market competition and expansion:
The business has used limited advertising to date and utilises the Autotrade magazine most frequently, as well as being a subscriber/member of the internet based Find A Part service. There are excellent opportunities to increase this in line with a new sales and marketing push and to develop it own website
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