Skip Bin Business – For Sale Below Asset Cost – Central Coast

Business ID: XB151247

Highly Motivated Vendor – Business still trading and new lease available

Established over 30 years ago this business has an excellent rating on social media for the quality of service provided.

This has produced a database of over 1000 previous customers with regular business coming from a number of local builders along with other commercial and residential customers.

The equipment assets used by the business were independently valued by a Professional Valuer in July this year and this indicated a Fair Market Value of a little over $400,000.

The equipment assets have been well maintained by the owner and are in daily use.

No additional charge will be made (if a satisfactory offer is received) for Goodwill and the IP assets of the business, which include the Website, Social Media Accounts, Customer Database and Accounting History.

The premises are currently rented for around $900 per week on a month-to-month basis. The Landlord has indicated that the buyer of the business could enter into a 2-year lease if so desired, with the likelihood that tenure may be extended beyond this time, subject to the progress of development plans for the land.

- Well-presented and maintained trucks and bins

- 140+ in service bins from 2 cubic metres to 30 cubic metres

- 45+ Bins of various sizes – requiring repair

- 3 Skip Trucks

- 1 x 24T Hook Lift Truck

- 1 x Volvo Excavator

- 1 x Massey Ferguson Backhoe / Front End Loader

- 1 x Komatsu Ride on Forklift

- 2 x 20’ Storage Containers

- Website/Facebook Page and all other IPs included

- 4 experienced casual staff (2 drivers and 2-yard operators)

The vendor will work with the new owner for a 1 week period to ensure a successful handover. Further support will be available by phone/email for a period of 3 months.

This is a great opportunity for an astute buyer to purchase a long-established business that has a strong reputation without having to pay more than the equipment value.

The owners have family and other business interests and a new injection of energy should see the business grow beyond its current trading level. It may also be that a buyer may have a different view of how the business should operate to achieve greater levels of profitability.

This is also a perfect ‘Bolt-On’ opportunity for a competitor who may be able to eliminate some of the business costs to produce significantly superior profitability from the assets included with the sale.

A quick sale is required and an independent valuation of the assets, along with financial reports are available for review.

Asking Price: The Assets of the business are available for sale for $375,000 (plus GST if applicable). IP assets and Goodwill etc will be included at no additional cost should an acceptable offer be received. The vendors are open to retaining a small share of the business (as a silent partner) etc.

Property Code: 4240