SOLD – $280,500
SATURDAY, APRIL 16th 11:00AM
RECYCLING CENTER – BUILDINGS – EQUIPMENT
1612 PORTLAND AVE-LOUISVILLE
DIRECTIONS: I-65 N. Take Exit 137 for Cincinnati Lexington /E64 merge into I-64 West take exit 4 Keep Right follow signs for Jefferson St. Merge Right onto W. Jefferson St. Turn Right on to 15th St. Continue to Portland Ave. Property is on the Left. Signs posted.
REALESTATE: Great Business Opportunity! After 30 plus years in the scrap metal business the owner of Portland Recycling is ready to retire. The well- established business is in the heart of Louisville and consists of 2+/- acres, a two story building with 882 sq ft office, 3,304 sq ft shop and warehouse storage, additional 40 x 50 ft warehouse, and an enormous amount of equipment.
TERMS & CONDITIONS: Auction held on site. There will be a 10% Buyer’s Premium added to determined final sale price. 15% down sale balance within 30 days. 2016 taxes will be prorated. 6% Kentucky Sales Tax. Cash or personal check. Sold “AS IS WHERE IS” Without expressed or implied warranty.
THE STORY BEHIND THE BUSINESS:
Our family started in the scrap/recycling business in 1984. After two years of a small scale business with just a pick-up truck, a few hundred dollars, and a small building, we decided there was money to be made. In 1984, we acquired a small business loan and purchased an abandoned warehouse, with no roof and half the walls gone. We turned it into what it is today.
In 1988, after much work, time and dedication, Portland Recycling officially opened. The business grew at a very rapid pace. In 1989, we incorporated. Shortly after that, we had generated enough money to pay off all loans and continue operations solely on revenue.
In 1997, we purchased the property next to ours and constructed a 40’x 50’ warehouse.
In 1999, I purchased the business from my father. I purchased two more trucks and various equipment needed. At that time the company was up to 15 employees. Business was doing great. I made enough money to pay off the business buy-out note by February 2006.
In August 2006, I purchased the remaining property from my father and was able to have it paid off by August 2013. This property consisted of two acres, a two story building with 882 square feet of office space, 3,304 square feet of shop/receiving warehouse space, and the additional storage warehouse with 2,122 square feet.
In November 2009, I purchased the gravel parking lot across the street which is .038 acres.
We ranked #9 with 3.4 million in sales for 2005 and 2006 was our first year in Business First Fast 50. We ranked #7 with almost 7 million in sales. This has been a very good and prospering business for our family.
The scrap market has its ups and downs. The Key to success is when things are really booming, which will be for about eight years; prepare yourself for the down side, which usually last about two years.
After 30 years in this business, I have achieved many goals in my life. Now I feel it is time for me to retire and relax and enjoy the rest of what life has to offer. Without being involved in this business, I would have never had the opportunity. It has truly been a blessing. I feel sure that if someone would take over this land and business opportunity, they would have the same results. Granted it will take some hard work and dedication, but the reward is worth it in the end. MY dad always said, “If it comes easy, it ain’t worth having.”
Best of Luck To All
Stacy Robinson
Portland Recycling
1612 Portland Ave.
Louisvillle, KY 40203
EQUIPMENT LIST:
- 320L Caterpillar Excavator
- 2007 Kenworth Roll off
- 2006 Ford F350 Roll off
- 2000 Yale Lift Truck
- 2009 Daewoo 5000 lb lift truck
- 1990 Kenworth tractor, 48’ trailers
- 60” Bobcat Grapple Bucket
- 1-12’x 8 small roll-off Skid Deck
- 12-12′ x 6′ x 6′ small Roll Off Cages (for cans)
- 3-48′ Trailers
- 1- 40′ Lowside Trailer
- 4- Storage Trailers
- 4- Can Wagon Utility Trailers
- Marathon Ram Jet Trash Compactor with Box
- 2-20 Yd Roll-off Boxes (3 compartments)
- 5 -20 Yd Roll-off Boxes
- 8-30 Yd Roll-off Boxes
- 7-40 Yd Roll-off Boxes (1 new)
- 5-50 Yd Roll-off Boxes (closed top for cans)
- 2-22′ Roll-off Skid Deck
- 23-4′ Square metal tubs (with dump brackets
- 2- Tilt Tubs
- 2- Large Scrap Tubs
- 2- Small Scrap Tubs
- 3- Forklift Scoops
- 5- Large Roll Around Carts
- 9- Small Roll Around Carts
- 2- Banding Carts with Tensioner and Crimper
- 75- 48 x 48 Wood Pallets
- 50-55 Gallon Metal Drums
- 3- Warehouse Pallet Racks
- 2- Metal service desk
- 10-Industrial fans
- 4 Dozen Leather Palm Work Gloves
- 3-12 Drawer Storage Cabinets with Misc HDWE and Automotive Parts
- 120 lb Air Grease Gun
- 5 lb Electric Grease Gun
- Alum Storage Cabinet 2′ x4’w x3’H
- Dewalt Electric 1/2” Impact Wrench
- 3- Bundles 14’12 Gauge Single Loop Galv Banding Wire
- 14- Cases Twine Cotton Rope, 5lb Spools
- 207 Max-Pak Horizontal Baler ( Model HCE 60-FE-8, 30HP Motor, 8 Cyl., Bale 60″x30″x48)
- 3- Kubota Digital Platform Scales
- Vertical Baler
- Can Flatner System (Can Hopper, Conveyor w/Magnetic Separator, Flatner/Blower and Tube)
- 1-Magnetic Can Separator/ Conveyors
- 8-Roll Around Can Baskets with a Box of New Nets and Wheels
- 10,000 lb Platform Scales (shop)
- 3 Deck mobile Screening plant W/2 conveyors 24”Width x 50′ Length
- 10,000 lb Platform Scales (warehouse)
- In-ground 60′ Truck Scales (all new load cells 2010)
- 1997 Gensco 400 LS HYD. Shear 16” Blades
- Verichek Metal Tester
- 2- Sets Cutting Torches
- Small Torch Cart With Hose and Regulator
- Hobart Champion 16, 8000 Watt, Auxiliary Generator/ Welder
- 2- Lincoln Stick Welders, 220 Volt
- All Pro Torpedo Heater, Diesel, 110,00 BTU
- Buffalo Drill Press #18
- Blue Point Plasma Cutter, Model #230
- Makita Concrete Saw
- 3- Electric Bench Grinders
- Bench Vice
- 2-550 Gallon Above Ground Double Wall Fuel Tanks
- Lathem Time Clock (with time cards and card rack) (Model #2126 Purchased Dec., 2014)
- Elkay Water Cooler/Fountain
- 4-4 Line Office Phones
- 2-Chairs
- 2-End tables
- lamps
- 2- Large Refrigerators
- 1- Small Office Refrigerator
- Small Wood Coffee Cabinet
- Industrial Mop and Bucket
- 6-2 way Radios with Mics and Charger
- Gas/Pressure Washer
- 12- Large Fire Extinguishers
- Diaphrame Water Pump, gas Powered
- Trailer Load Semi Tires, 22.5 & 24.5
- Wood Podium Cash Draw with Storage Compartments
- 4- Office Desk with Chairs
- 1- Computer Desk
- 3- 4 Drawer File Cabinets
- 3- Small 2 Drawer File Cabinets
- Steel Pipe Rack
- Misc. Steel I Beams, Pipe, Plate, Rebar
- 2- Aluminum 20′ Walk boards
- HP Laser Jet 1536 Fax/Copy Machine
- Cannon PC 920 Copy Machine
- Barrel Dolly
- 2 Wheel Dolly
- Misc Office Supplies
- Misc Hand Tools
- To Many Misc Items to Mention
