Recycled Metal Distributor

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Business Detail

Quick Look Profitable. Steady Growth History, Expandable, Strategically Located, Multiple Long Term Customers, Low Employee Turnover.		BizHarmony Perspective: The ideal buyer for this operation would one that is 'expansion minded', either to open foreign markets, expand the domestic market, organically or by acquisition, or a combination thereof. Strategically located this business provides many options and is a 'turn key' operation.
	Business Detail: Established in 1988, this family owned industrial metal recycling operation was started in a rural, but growing area in Northwest Indiana, close to Chicago. This profitable business has a great reputation built on honesty and service to its customers. The land that the business was established on was attractive because it already had an industrial scrap & recycling variance, its proximity to numerous steel mills, and a lack of competition. The owner had been trained in the Chicago market, so had good contacts for selling both ferrous and non-ferrous metal to local mills and foundries. This business has been developed into a full service industrial scrap business and also has a great peddler trade. The ratio is approximately 80% industrial business to 20% peddlers. The facility averages 900 tons per month of ferrous scrap, which is shipped to local steel mills, and 40,000 pounds of non-ferrous metals. There continues to be great sales potential as the area grows, plus the foreign markets, which are not currently being sought. For equipment, this company has a new, state of the art, 70' x 11' scale, three roll off trucks, 120 boxes, two cranes, and a semi with a dump, flatbed and gondola trailers. The buildings include a 40' x 80' heated shop, a 40' x 40' non-ferrous building, and a 1200 sq ft house. The business is housed on six plus acres of land and operates with 15 employees, with virtually zero turnover. Current owners wish to retire, expand the farming operation and continue their volunteer work.

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