Light Industrial for sale

Exeter, Devon

£700,000

Property Description

Commercial information

  • Business for sale

Key features

  • Independent business based in Exeter
  • Valuable premises on premier Trading Estate
  • Respected business, established approx. 30 years
  • Huge potential to develop/expand business
  • Income 208,875 ex Vat, Gross Profit 149,944
  • Operating fleet of collection vehicles and trailers
  • Valuable client base - in the region of 600 clients
  • Comprehensive handover available
  • Rare opportunity
  • EM&F reference number: MZ33353N

Full description

Tenure: Freehold

Description: An established independent Waste Collection and Recycling business, in existence approaching 30 years. The business supplies clients with a variety of bags at a set price depending on the waste type, the bags are then collected and sorted with the waste disposed of appropriately. Operating from valuable warehouse/light industrial premises, benefiting from high roof line and crane, these provide office, storage, sorting, vehicle maintenance and staff facilities with the added benefit of car parking. An excellent client base has been established, comprising all types of businesses, large and small, to include major corporate organisations and multi outlet businesses. The business has been operated at a level to suit the lifestyle of the vendor and offers new owners excellent foundations to develop the business further and build on the current successful levels of trade.

Location: The premises benefit from being easily accessible, situated on one of Exeter's largest and most sought after trading estates, home to in excess of 500 businesses to include a number of car dealerships, retail businesses, offices, distribution centres, industrial and engineering firms. The trading estate has been and continues to be the subject of continued major investment, a retail park exists where a number of national retailers are situated, premises continue to be in demand such is the easily accessible location, lying approximately 1 mile south of Exeter City Centre with easy access to the M5 motorway network, A30 and A38 Devon Expressway via the nearby Exeter ring road ensuring excellent communication links through Devon and into neighbouring counties.

Premises: A light industrial unit, with 2 roller shutter entrances, alarmed, high roof line, and 3 tonne rolling gantry crane with useful 'grab' attachment. Pedestrian access via 1st roller shutter to RECEPTION AREA, provides access to enclosed OFFICE, leads through to main INNER OFFICE offering 2 work stations complete with office furniture and personal computers. Also leading off the reception area, STAFF KITCHEN, fitted with work counters, provides access to CLOAKROOM fitted with toilet and hand washbasin. Vehicle access is gained to the unit via the 2nd roller shutter, provides vehicle SERVICE AREA complete with 2 post lift, compressor and work bench. Also provides SORTING AREA whilst leading off is the TOOL STORE, separate BAG STORE and COMPACTING AREA with 1/2 tonne press mill baler, acquired new in 2018 at a cost of approximately £16,000 and manual 'bale' compactor. A host of tools exist to include a number of pallet trucks, some with built in weigh scales. Enclosed rear STORAGE AREA houses steps leading to MEZZANINE STORAGE AREA, 2 further smaller MEZZANINE STORAGE AREAS exist used in connection with the storage of bins and cages.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Outside: To the front of the premises, VEHICLE PARKING AREA, also used for STORAGE in respect of the cages, an enclosed REAR YARD AREA also exists used in connection with bin storage, can be accessed from within the unit are externally via side alleyway.

Vehicles: The business operates 7 vehicles, these comprise of 1 VW Crafter Van, 1 Mercedes Luton Van (with tail lift), and 5 Land Rovers which pull bespoke trailers benefiting from a number of compartments for the sorting of waste whilst on the road, and there are 4 trailers in total.

Business: A respected business established by the vendor some 30 years ago, the first time it has come to the market, only offered for sale to pursue semi-retirement, coupled with other business interests. The business is most efficiently run, varying types of waste bags are supplied to customers with a minimum order of 50 which are paid for by the customer at the time of order/30 days. A bin can be provided should customers need to place bags in bins. The waste bags comprise recycling bags, general waste bags and food waste bags with differing prices for the different types of waste. In return the business collects and disposes of the waste accordingly, the necessary Waste Carriers Licence is held and the relevant documentation is provided to customers to comply with the Environment Agencies 'Duty of Care' Act 1990, one off jobs can also be catered for. Two refuse sites are used to dispose of the waste depending on the type of waste, whilst the business is charged on a per tonne basis to dispose of the waste money is received back from the refuse sites in respect of waste which can be recycled such a cardboard, office paper, metal and certain plastics and polythene. A customer base in the region of 600 is now held, new customers are gained every month, these comprise all types of business to include office blocks, shops, restaurants and takeaways, customers include major corporate organisations and those with multiple outlets, in respect of some customer's keys are held for the premises in order to undertake the waste collection when closed. The business covers the Exeter, Topsham, Exmouth, Budleigh Salterton, Honiton, and Ottery St Mary Areas, the vendor has chosen to operate the business at a set level, new customers are not actively pursued, no real advertising is undertaken, there are no reps on the road, new customers are obtained through recommendation. Similarly the vendor has chosen to keep the operating area relatively small, scope exists to expand the operating area, moving into the Crediton and Sidmouth areas or further afield. The business prides itself on the quality of service, competitive pricing is offered, a customer is very rarely lost.

Trading Hours: Office hours typically Monday to Saturday 9am to 5pm.

Staff: Operated by the vendor who acts in a supervisory capacity overseeing the operation, the day to day collection, sorting and disposing of waste undertaken by 3 full time members of staff.

Takings: Accounting information provided confirms a sound reliable profitable business with increasing sales and profitability. In respect of the financial year ended 31st March 2017 Income amounted to £208,875 ex Vat returning a Gross Profit of £149,944 and year ending 2018 income £213,629 ex vat returning a Gross Profit of £155,210 equating to an excellent 72% producing Net Profits in excess of £70,000 even with the vendor working in a supervisory capacity, we understand that a projected Net Profit figure for 2019 will be in the region of £100,000.

Comments: The sale of Trade Refuse And Salvage Handlers provides a quite unique business opportunity, the likes of which rarely become available, comprising a very long established business, well-known and respected in the area with a valuable client base built up over many years coupled with valuable premises, the likes of which rarely become available. There is also the opportunity to build on the existing levels of successful trade through promotion/advertising and/or expanding the area of operation with its services always in demand, a trend which is expected to continue into the foreseeable future. To ensure a smooth transition to new owners a comprehensive handover is available if required.

Tenure: Freehold.

Rates: To Be Advised.

Price: £700,000 for the benefit of the freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Nearest stations

  • Exeter St. Thomas (0.8 mi)
  • Exeter Central (1.2 mi)
  • St James Park (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Exeter St. Thomas (0.8 mi)
  • Exeter Central (1.2 mi)
  • St James Park (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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