CRV and Scrap Metal Recycling Center and Real Estate
REAL ESTATE INCLUDED
Los Angeles, CA
The recyclable material wholesaler businesses in the US have combined annual revenue of about $80 billion. This recycling company has generates $3.2MM or more in gross revenue in each of the last five+ years. For over 60 years, the Company has recycled bottles, cans and all types of scrap metal. The Company buys scrap metal from consumers, demolition companies, plumbers, electricians, hauling companies and every-day ordinary people. They purchase the metal, sort, clean, and classify it by type. The metal is then sold to a processor company to be processed and/or exported overseas. The Company has primarily been managed by the General Manager since 2011 or 2012 with little involvement from the owner. Business tax returns are available for Buyer to review; however, the company does not have any financial statements. There is a dispute between the sellers as to the actual profit and/or loss of the business. The asking price for the business is $350,000; however, it will not be sold without the real estate. This business premises consists of real property in Los Angeles zoned for Heavy Manufacturing (M3-1-CUGU). The lot is approx. 30,000 SF and the warehouse is approx. 4,200 SF. It is a highly specialized industrial property located in a Qualified Opportunity Zone which can provide lucrative tax savings with a 10+ year hold. The real estate was appraised for Hanmi Bank in September 2018 and valued at $2,800,000. If you are in the recycling business, this may be a great acquisition opportunity. For further information, contact us today! Disclaimer: Buyers and sellers of businesses are strongly advised to seek financial and legal advice prior to entering into a contract to buy or sell a business. Broker makes no representation to the buyer of any kind. All information and representations are provided by the seller, the completeness and accuracy of which will not be verified by the broker. Buyer must rely solely on his own investigation and inspection of the business and the seller's representations.