Well Established Waste Business
- Asking Price: £300,000 +SAV
Grassroots Recycling limited generates an advised turnover of circa £480,000 per annum with a gross profit of approximately 47%. The business continues to grow at an impressive pace.
For further information please reference B05877.
- Tenure: Leasehold
Please Quote Reference B05877
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Grassroots Recycling limited which is a well-established Waste business with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area which still offers considerable scope for improvement.
Grassroots Recycling Limited was founded by the current owner in 2006 when he identified a gap in the market and the business has been a real labour of love for him, accruing many regular customers and a burgeoning reputation.
Alas this great little business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement, he is keen to see his beloved waste business pass to an ambitious and entrepreneurial new owner who can take it to the next level.
Grassroots Recycling has approximately 1500 agricultural customers and approximately 200 horticultural / market garden / garden centre members. The business also works with numerous skip companies and waste transfer stations recycling their plastic and cardboard waste and thus keeping it away from landfill. Customers have the option of delivering themselves to the site in Warminster or having their waste material collected.
The business prides itself on possibly being unique in being able to deal with most plastics and cardboard from the agricultural and horticultural industry.
The sale will include the company website (grassrootsrecyclingltd.co.uk) and the business enjoys great visibility on the internet.
Scope to Improve:
- Advertising and marketing campaign.
- Maximise the use of social media.
- Expand geographically.
- Consider employing a Sales Manager (BDM) to canvass for additional contracts.
- Extend the opening hours, perhaps opening at weekends.
- A well-established business with an enviable reputation and many existing customers.
- Will include an impressive database of contacts.
- Current owner happy to offer a handover to ensure the continued success.
- Little or no competition locally.
- A real opportunity to increase turnover and profits significantly, current owner running at a pace to suit.
- Ideal bolt on to an existing waste company.
The business is run and managed by our clients with the help of 2 full time members of staff, a full-time secretary and a part time accountant.
Monday to Friday 08.00 – 16.00
Monday to Friday 07.00 – 17.00
Grassroots Recycling Limited is in Norton Bavant.
Norton Bavant is a small village and civil parish in Wiltshire, 2 miles southeast of Warminster.
The village is on the River Wylye and at the end of Salisbury Plain. To the north lies Scratchbury and Cotley Hills Site of Special Scientific Interest and the Iron Age hillfort of Scratchbury camp.
The A36 road to Salisbury bypasses the village to the south, on the other side of the river. The earlier direct route of the road, just north of the village, is now the B3414,
Grassroots Recycling is situated in former agricultural buildings that are particularly suited to this type of trade. There is free parking immediately outside the premises.
Grassroots occupies generous premises that are ideally suited to the trade and comprises:
With double doors to front, window to warehouse, desk and filing cabinets etc.
Generous office with twin windows to front, expensive looking wood effect floor , window to warehouse, fluorescent lighting .
Window to front, tiled floor, door to warehouse, perimeter shelving and floor storage space.
With door to front, double base unit, 1 ½ bowl stainless steel and drainer, Santon Aquarius water heater, under counter fridge, dish washer, tables and chairs.
Walk in store;
There is a useful walk in store ideal for storing cleaning materials.
Ladies and Gents toilets.
Former Dutch barn, covered to all sides, high pitched roof, roller door to side and rear, Baler, Bale wrapper, 3 x Merlo Extending beam fork lifts, Scania Dustcart.
There are generous grounds included in the lease for the storage of waste materials.
There is a generous car park to the front of the business premises
There is the use of a weigh-bridge (£200 per month)
We are advised that Grassroots Limited is being sold as a leasehold business opportunity.
The existing lease has approximately 3 years remaining and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £32,000 per annum which is reasonable given the size and location of the premises.
We are advised that the business rates payable are approximately £7000 per annum.