Scrap metal dealer (freehold)
Sold
Business Description
Based only a few minutes from the city and operating for almost 40 years as one of Adelaide’s leading scrap metal dealers recycling all types of scrap metals and also providing recycle bins of all sizes throughout metro Adelaide.
At a Glance
- Only minutes from the city on 4,440 square metres of industrial land
- Has been in the same family for almost the past 50 years
- Sale includes 5 forklifts, 10 trucks and 280 collection bins
- Turnover ranges between $6 million and $8 million
- Perfect for an existing operator wanting to expand
Simon Winter 0419 828 689
Extended Price Information
| Goodwill | $700,000 |
|---|---|
| Plant & Equipment | $300,000 |
| Stock at valuation (approx) | Nil |
| Freehold Property | $2,500,000 |
| $3,500,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment |
|---|---|---|---|
| 2017/2018 | $8,363,798 | $784,966 | 22.43% |
| 2018/2019 | $8,813,126 | $803,495 | 22.96% |
| 2019/2020 | $7,278,576 | $424,437 | 12.13% |
| 2020/2021 | $9,768,073 | $943,170 | 26.95% |
The return to owner is a net return to one working owners after all expenses and wages but excluding the vendors’ wage. The calculation of the dollar and percentage returns are based on the total sale price (property and freehold) and no allowance has been made for property rent.
Staff Summary
5 full time, 6 part time and 5 casual staff.Freehold Summary
| Total Land Area | 4,440sqm approx. |
|---|---|
| Capital Value | $1,790,000 |
| Zoning | IN - Industrial |
| Certificate of Title | Covering 8 Certificate of Titles |