A very profitable and long tenured (27 years) recycling business in Hawaii is offered for sale due to the retirement of the owner.  The business is a certified redemption center and handles the State of Hawaii redemption on “HI-5” beverage containers (aluminum cans, glass bottles, plastic bottles, and Bi metal containers). These containers are processed and shipped off-island. Other materials such as newspapers and cardboard are also recycled.

 

Potential increase in profitability will be driven by the new state of Hawaii reimbursement rate increase in 2019.  The business is offered full turnkey with all assets needed to profitably grow the business.  For example, they installed a new $125,000 weigh scale in 2018 and added another Bobcat ($100,000) loader.

 

The company generated over $324,000 in 2017 and $226,000 in 2018 in SDE based on over $5.8 million in revenue.  The owner will consider owner financing.

 

COMPANY

Listing ID:  RECYCLING - P

Location: Hawaii

Type of Entity:  Corporation 

Year Established: 1992

 

FINANCIAL SUMMARY

     2018

Revenue: $5,822,413

SDE: 2018: $226,548 & in 2017: $324,680

 

LEASE

Main Facility (4 other satellite sites)

36,225 sq. ft

Monthly Rent $3,019

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OFFERING SUMMARY

Asking Price:  $2,500,000

Tangible Assets:  $800,000+

Non-Compete:  5 years

Training:  2 weeks; 20 hrs./wk.

Sale Reason:  Retirement

 

EMPLOYEES

25

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