Description of the business for sale
This business performs in a marketplace of strengthening global demand from manufacturers for its product, RECYCLED STEEL. The developing Asian countries and U.S. mini mills are realizing greater efficiencies utilizing recycled steel, since the product requires 60% less energy for production than steel. The industry also enjoys environmental support, since one ton of product prevents approximately 4200 lbs of CO2 discharge into the atmosphere.This business has experienced a 23+% averaged earnings growth through this decade, while increasing efficiencies with its investments in machinery and strengthened morale of the workforce, since the termination of a non-productive general manager earlier this year. Grandfathered location, and government regulation have created significant “Barriers to Entry” for competition.A county tow contract is available with no competition. The company earns from three stable revenue sources. 1: Municipal government for towing and storage operations. 2: Wholesale sales of dismantled parts. 3: Recycled sales to an $800M processor client. Recycle sales levels, the PRIMARY REVENUE SOURCE, are tied to the cost of energy and world wide demand for steel. The business is managed by its “Remote Absentee” 80 year-old owner, 250 miles off-site, and visited twice a month to refresh his employees.
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Description of the facilities
Real estate of the main site is included in the offering and continues to appreciate, as major Class A office buildings continue development near the property.
Maximum SBA Approval. Alternative funding sources will be required. Seller Discretionary Ear
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