Scrap Wire Business
Asking: $ 2,000,000
Gross: $ 1.2mill
Cash Flow: $ 600,000 (this is very good at 30%)
FF&E: $ included in the asking price
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Details
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Scrap Wire Business
Asking: $ 2,000,000
Gross: $ 1.2mill
Cash Flow: $ 600,000 (this is very good at 30%)
FF&E: $ included in the asking price
Furniture, fixtures and equipment
Inventory: included in the asking price
Real Estate: currently renting a 3200 sq ft yard @ $800/month
Business Summary
90% scrap copper wire
Sells about 50,000 lbs a week
He is 62 y.o. ele. contractor ele contr 40 yrs.
Purely customer based has been doing biz for last 10 yrs.
Buys wire and scrap @ .40 lb & sells 1.00 lb
Places wire in 20,000 lbs trailer/containers and sells right off the
lot (bunch of containers/ double duty dump)
Card Board box Wrapper up to 5k lbs packages
VC wire
Owner to retire, but will stay on as a consultant to expand business.
Financing: Seller will negotiate financing
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