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Listing ID: 1169
Well established bottle depot that generates approximately 95% of all revenues via the provincial container refund program. The balance is from metals recycling. Currently, this is an owner operated business with 2.5 staff required to run the operation. Net Operating Income considers a $40k management salary. Simple hours of operation. 8 - 5 five days per week and 8 - 1 on Saturdays. Price includes land, building, and all necessary equipment. Opportunity to expand business outside of the container program if desired.
2018 Revenue: $781,928 Net Operating Income: $215,000 Asking price is representative of a 17% capitalization rate. For your consideration: A $600,000 mortgage, 20 years, 6% interest = $4,273 * 12 = $51,273 annual payments. Your investment of $670,000 generates a pre-tax cash on cash return of 25%, or 28% when you consider the annual average equity pay-down.
Site: 13,051 square feet with 2,000 sft open concept warehouse building. Property taxes for 2018 were $3,894. Located in industrial park with all services.
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