OUTSTANDING AND HIGHLY EFFICIENT USED TIRE SALVAGE OPERATION WITH RECURRING REVENUE
(RECYCLING, TIRE RECYCLING)
ALL, NEW JERSEY/ NEW YORK
Listed Price: $ 3,500,000
Listing ID: XCNJ777092
Listing DetailsGross Revenue: $ 2,850,000
Cash Flow: $ 900,000
FFE: $ 600 (Included in Price)
Inventory: $ 150,000 (Included in Price)
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
ILLNESS FORCES SALE
Training & Support:
FULL TRAINING AND SUPPORT
Listing SummaryBusiness Description:
THIS UNIQUE BUSINESS IS VERY PROFITABLE AND HAS AN UNPARALLELED BUSINESS MODEL WITH HIGHLY COVETED CONTRACTS IN PLACE. THIS IS THE ONLY BUSINESS THAT PICKS UP USED TIRES FROM RETAIL AUTO SHOPS FOR FREE AND MAKES A TON OF $$$ ON THEM. THERE IS A HUGE DEMAND FOR QUALITY USED TIRES HERE IN THE U.S. AS WELL AS SOUTH AMERICA AND THEY ARE A MAJOR SUPPLIER. THEY HAVE GREAT RELATIONSHIPS WITH CUSTOMERS AND THEREFORE RECEIVE EXCELLENT PRODUCTS WHICH ARE RESOLD. 35% OF THE TIRES ARE RESALEABLE FOR EXCELLENT PROFITS. THE OTHER 65% OF THE TIRES ARE SHREDDED AND RECYCLED BY ANOTHER COMPANY. THEY ARE STRATEGICALLY LOCATED NEXT TO THE RECYCLING OPERATION AND IT CREATES A SYMBIOTIC RELATIONSHIP FOR THEM THAT CERTAINLY ADD’S TO THE BOTTOM LINE. THIS BUSINESS IS AN ABSOLUTE WINNER THAT DOES NOT TAKE EXHAUSTING HOURS TO MANAGE AND PRODUCES AND EXCELLENT CASH FLOW STREAM!! IT IS ALSO A VERY EFFICIENT BUSINESS WITH THE HIGHEST MARGINS FOR BUSINESSES IN THIS CATEGORY. IT’S A HOMERUN ACQUISTION FOR SURE!!
Historical Summary:
IN BUSINESS SINCE 1975
Owner Qualifications:
ONLY BUSINESS EXPERIENCE REQUIRED
Competition:
This Companies Business Model DOMINATES the Competition. THE MAJORITY OF SALVAGERS CHARGE A FEE FOR EACH TIRE THEY PICK UP. NOT THIS BUSINESS, HE PICKS THEM UP FOR FREE!! WHO CAN COMPETE?
Potential Growth:
" This businesses largest contracted customer is currently in a very aggressive growth phase and they are adding a new location every other week!! Just in the last 6 months this operation has picked up 20 new stores just from this major supplier alone and have the right to every new store that opens. This = HUGE spike in volume and revenue"
THE Company currently has No Website and Does No Marketing. Imagine the growth you could achieve just by adding these!! Any ambitious new owner of this business could easily gain new accounts from BIG companies like BJ’s, COSTCO, SEARS, STS, ETC. POTENTIAL GROWTH IS HUGE. This businesses infrastructure is scalable and the Demand is certainly there. The current owner has been in “Cruise Control” for many years rarely seeking to add new accounts. If you are ambitious you could easily gain more market share in NJ, NY. This business currently has about 4% market share. There are approx. 30 million used tires disposed of annually in the Tri-State, all of them waiting to be picked up and profited from.
Financing/Terms:
NEGOTIABLE
LocationLease Security: 4500
Monthly Rent: $ 2,200
Type of Location: Stand Alone
Facilities:
All trucks, trailers, and inventory are kept in a gated commercial lot. All customer service is facilitated at your own office!!
OperationYear Established: 1975
Days & Hours of Operation: 9-5 M-F
Owner Hours: 20 - SEMI ABSENTEE
Employees: 15
Managers: 1
Absentee Owner: Yes