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Roanoke Area Obsolete Technology ReCycling Company
Business Description
The Company began operations in 2015 to accumulate, accept, and process electronic equipment from consumers and businesses in Southwest Virginia. Prior to founding the company, our leadership team had over 46 years of combined experience managing end-of-life electronic assets for both small and large companies. In 1994, the owner was honored as Small Business Person of the Year by the Roanoke Valley Chamber of Commerce and received the same award for the Commonwealth of Virginia from the Virginia Chamber of Commerce. These recognitions were for offering sustainable, environmentally responsible solutions to prevent electronics from ending up in landfills.
Since its inception, the company has received and processed over 7 million pounds of electronic equipment. Of this, only 327,000 pounds (trash, broken pallets, or otherwise non-recyclable items) had to be diverted to landfills—achieving an impressive 96.4% recycling success rate.
We also provide secure data destruction services at no cost to clients. Since 2015, the company has safely remediated over 150,000 computers and data-containing devices, with zero data breaches.
The company recently completed an audit and renegotiated an existing contract with its largest client (active since 2015). The contract, previously renewed annually, is now a five-year renewable agreement, extending through 2030. This client currently accounts for approximately 70% of our business.
Management Team:
The management team consists of long-time residents of the Roanoke area, committed to improving our community’s quality of life. We offer competitive starting wages of $18 per hour, with the opportunity to quickly exceed $20 per hour based on performance.
Since 2015, the company has donated over $50,000 to local nonprofits and churches.
Since its inception, the company has received and processed over 7 million pounds of electronic equipment. Of this, only 327,000 pounds (trash, broken pallets, or otherwise non-recyclable items) had to be diverted to landfills—achieving an impressive 96.4% recycling success rate.
We also provide secure data destruction services at no cost to clients. Since 2015, the company has safely remediated over 150,000 computers and data-containing devices, with zero data breaches.
The company recently completed an audit and renegotiated an existing contract with its largest client (active since 2015). The contract, previously renewed annually, is now a five-year renewable agreement, extending through 2030. This client currently accounts for approximately 70% of our business.
Management Team:
The management team consists of long-time residents of the Roanoke area, committed to improving our community’s quality of life. We offer competitive starting wages of $18 per hour, with the opportunity to quickly exceed $20 per hour based on performance.
Since 2015, the company has donated over $50,000 to local nonprofits and churches.
About the Business
- Years in Operation
- 9
- Employees
- 7
- Facilities & Assets
- The company is located in an industrial complex in Roanoke, VA among other
businesses. The location is within easy reach of highway 220 for convenient travel to
customers for obsolete electronics pickups. Customers cover approximately a sixty-mile
radius from its Roanoke facility, covering a wide variety and large number of businesses,
schools, and private homes looking to re-purpose and recycle their electronics. - Market Outlook / Competition
- The company holds 25% of the total obsolete electronic re-purposing and recovery market in Roanoke, VA. The Company serves 40-50% of the corporate market with the typical client having greater than 200 employees.
The industry will continue to grow as new advancements in technology replace older computers, phones, servers, and more. River Acceptance is primed to grow with the industry.
The Company counts 4 of the 9 local school districts among its clients. Targeting the remaining 5 school districts is part of the company's growth plan. - Opportunities for Growth
- The Company chooses not to go into debt and, instead, staffs up, updates and adds to their
equipment as new clients are added to the roster. The Buyer can choose to continue this
philosophy or make investments in equipment and resources to expand the business
throughout the mid-Atlantic. The Seller has proven that electronic recycling is a global
business with immense room for growth both within the US and abroad.
Additional growth opportunities:
- Develop a sales team to target specific industries.
- Build a large-scale public education campaign
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,500
- Rent
- $1,892.00 per month
- Lease Expiration
- 8/31/2028
About the Sale
- Seller Motivation
- Owner in 70's
- Transition Support
- As Needed and As Negotiated
Listing Info
- ID
- 2397119
- Listing Views
- 867
Listing ID: 2397119 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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