Greater Manchester Skip Hire & Waste Transfer Station For Sale

Business description

This is a superb business opportunity for someone to aquire a growing skip hire business and waste transfer station in the Greater Manchester area, close by to the M60/M62 motorwaty network. The family run business provides a service for commercial, industrial and domestic skip hire exceeding industry standards by recycling a minimum of 10% of the waste that they collect through their fully licensed waste transfer station. They deal mainly with contractors and own all of their own vehicles – they are not brokers and have no hidden or extra costs for their customers to incurr.

The business operates from a 0.75 acre virtual freehold site (971 years lease remaining) with a waste permit and environmental license in place. The site has operated as a waste transfer station and skip hire business for the past twenty years and has been under the current ownership for the last nine years. The site on its own is a valuable piece of real estate and could easily accommodate circa six small industrial units if required.

The company turnover is growing year on year under the family stewardship and they have assets of circa £100,000 including over 100 skips of various sizes, a small fleet of wagons and vehicles plus an excavator for yard work. The asset register doe not include the valuation of the circa 0.75 acre site.

They have built their reputation not just on price, but the quality of service, reliability, flexibility, and punctuality. They have a first class, easy to navigate website, which has the added facilty for customers to be able to book their skip requirements on line.

This would be a perfect bolt on as a satelite transfer station for a larger recycling company to aquire or it would be perfect for someone who is willing to invest and take to a new level..

Key Strengths:

• Well established with waste permit and environmental licenses in place
• Over 100 skips of various sizes and small fleet of vehicles
• Excellent location close by to M60/M62 motorway network
• 0.75 acre virtual freehold site
• Opportunity to develop the site if required
• Good reputation with the local council and the environmental agency
• Low overheads and low maintenance costs
• Profitable with continuous growth
• Regular repeat contractors
• Members of the chartered institute of waste management and WAMITAB incorporated
• Excellent website and feature favourably on popular search engines

Financial Information:

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.

The business has a turnover of circa £280,000 per annum with Net profits of circa £41,000 per annum. There are assets totalling circa £100,000 which does not include the valuation of the 0.75 acre site.

Property information

Property:

Leasehold

Lease terms:

The lease is reviewed every 10 years with the next review in 2013. Current lease costs are circa £7,500 per annum.

Location:

This is a circa 0.75 acre site with a 999 year lease which has run since 1983 and therefore has circa 971 years left on the lease. The lease is reviewed every 10 years with the next review in 2013. Current lease costs are circa £7,500 per annum. The site is secured by a metal perimeter fence around the site and is also protected by cameras.

Business Operation

Expansion potential:

There are a number of opportunities to grow the business from the site, including obtaining a hazardous waste license, investing in a weighbridge and creating a scrap metal business. There is also spare capacity to increase the amount of recycling which the company carries out on a daily basis.

Reasons for selling:

The family have other interests which they would like to concentrate their efforts on.

Employees:

This is a family run business with three other full time and one part time employee.

Other information

Support & training:

The vendors would be happy to help with a smooth transfer of the business in any way possible.