Very Well-Established Leading Waste Management & Recycling Business For Sale

Business

Hilton Smythe welcomes to the market this very well-established skip hire business which is going from strength to strength, nearly doubling the turnover in the last few years, with only a minimal increase in costs, so adding most of this to the bottom line.

The net profit has increased by more than 400% during this period. Also, it appears for the current year that the turnover has increased yet again towards £650,000, making the business even more profitable.

The business has skip hire/trade waste licenses, offering a full-service transfer station and a weighbridge offering flexibility to the client.

They are a leading integrated waste management & recycling business offering collection, treatment and recycling of waste materials for local and national customers in the domestic, industrial, building & commercial sectors. Our client also offers a wait and load service if needed.

They now have around 200 trade customers, which are growing all the time, to include, Schools, local councils and businesses, covering the Somerset area.

The business offers a very large range, from 2-yard skips to 40-yard roll on roll off skips and everything in between.

You can also find a website at together with Facebook and twitter.

Even though the business has grown extensively over the last few years, there is still room for further improvement and growth.

The weighbridge isn’t really pushed to its full potential and offers lots of further capacity, together with longer opening hours, increasing the trade customers and more use of social media.

An inspection of the business and the potential going forward is very highly recommended to appreciate what’s on offer.

Location

Glastonbury skip hire is situated in an ideal purpose-built industrial area on the outskirts of Glastonbury.

Glastonbury is a town and civil parish in Somerset, England, situated at a dry point on the low-lying Somerset Levels, 23 miles (37 km) south of Bristol. The town, which is in the Mendip district, had a population of 8,932 in the 2011 census. Access is gained to all surrounding areas via the A39 and M5 motorway.

The owner has been in the skip business for around 15 years and at the current location for around 8 years, so it is very well known and established in the area. The owner is now looking to concentrate on other business interests.

Premises

The premises are set within a large Freehold yard, with the spacious buildings covering approximately 234 sqm and consists of;

• Main transfer station

• Reception

• Offices

• WC

There is a large range of equipment included within the sale as follows;

• Circa 240 skips to include 30+ x 4-yard

• 90 x 6 yard

• 60+ 8 yard

• 10 x 10 yard

• 7 x 12 yard

• 2 x 14 yard,

• 08 plate Scania 32 tonne lorry

• 2 x 61 plate DAF 18 tonne lorries

• 58 plate DAF 7.5 tonne lorry

• 56 plate Mitsubishi 3.5 tonne lorry

• Plant machinery to include Daewoo excavator & Grab

• 621 case loaders.

The business offers a great location and lots of potential moving forward. Viewing is a must to fully appreciate what’s on offer.

Tenure

We are advised that the business is being sold as a Freehold opportunity.

Hours

Monday 7:30 am to 5:00 pm

Tuesday 7:30 am to 5:00 pm

Wednesday 7:30 am to 5:00 pm

Thursday 7:30 am to 5:00pm

Friday 7:30 am to 5:00 pm

Saturday 8:00 am to 12:00 pm

Sunday Closed

Staff

The business is currently run by the owners and 8 other members of staff, 1 part time and 7 full time.

Financial Profile

The accounting information shows a very healthy turnover of £593,617 to 30th September 2017, which we believe has increased again during the current year towards £650,000, with a gross profit of £299,825 and a fantastic net profit of £143,347.

According to the VOA website the current rateable value is £13,000, with rates payable of £6,000 per annum.