How do I find a recycling business for sale near me?
Recycling businesses, such as scrap yards, bottle depots and tire or electronics recyclers, rarely advertise. Use several routes together: listing sites, brokers who know industrial and waste businesses, the mills and haulers that deal with yards every week, and a respectful direct approach to owners. Some owners will ask for a confidentiality agreement first.
“Recycling business” covers scrap metal yards, bottle depots, tire recyclers and electronics collectors, and each kind runs differently. Most are owner-run and many sell quietly, because suppliers and staff may react badly to early news. A search for “recycling business for sale near me” may therefore show only a few results. Decide which kind you want, then look in several places at once.
Listing sites and brokers
Check listing sites regularly, and set up alerts if a site offers them. Also speak with brokers who handle industrial, waste or equipment-heavy businesses. Tell them the kind of operation you want, how far you will travel and how you plan to pay. A BDC article on using a broker explains what a broker does for a buyer.
People who deal with the yards
The mills and brokers that buy a yard’s material, the haulers that move it and the dealers who sell shears, balers and loaders all know which owners are tiring or planning to retire. Introduce yourself, say what you are looking for and ask them to pass on your name. Be discreet. A rumour that a yard is changing hands can unsettle its suppliers.
Searching by site
Recycling depends on a site that can legally be used for the work, so many buyers search by area and look at the yards already operating there. Drive past them, note which look well kept and which look idle, and keep a list. Whether a site may be used this way is a question for your lawyer and the municipality, so do not assume.
Approaching an owner directly
Some owners would sell to the right person but have never said so. A short, respectful letter works better than a visit during a busy day. Say who you are, what experience you have and that you will keep the conversation private. Do not ask for numbers on a first contact. Expect many polite refusals and a few real conversations.
Once you have a candidate, read what to check before buying a scrap metal yard to screen it.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideBuying an auto salvage and recycling yard in Canada
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- Expert answerDo I need a lawyer to buy a business?
- Expert answerIs an auto wrecker the same business as a scrap metal yard?
- Expert answerIs buying a self-serve auto salvage yard different from buying a full-service one?
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- Expert answerHow do I find a bottle depot for sale?
- Expert answerHow can I tell what a bottle depot really earns?
Due diligence
Brokers
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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