Highly Profitable Redemption Center
RetailFor Sale in Portland, ME
Financial & Assets Details
About the Business
The first redemption center in Portland, Brighton Ave Redemption opened in the early 1980s. Located directly on highly trafficked Brighton Avenue/Route 25, this property offers excellent visibility with signage and room to expand if needed.
With a streamlined process already in place, customers can drive up, have their returnables unloaded by an employee and then be paid as soon as everything is counted – all without having to get out of their car.
A sense of community has always been a top priority for this business and 90% of business are repeat customers that have come to trust the facility over the years. There are other redemption centers in the area, but none produce the amount of volume that this business does. With more people consistently recycling and the increased amount for the handling fee, Brighton Ave Redemption is worth more than ever before.
Growth & Expansion
Adding bottle routes back into the business model could be a great opportunity as there are many restaurants, hotels and other businesses in the area that may be interested. Renovating/expanding the existing building footprint would create more space for storage and offer more curbside appeal for potential new customers. Changing the layout could potentially allow for a better traffic flow and need for additional employees, both offering the opportunity for faster customer turnover.
There are other redemption centers in the area, but none produce the amount of volume that this business does. Customers frequent this establishment due to long-time trust and the convenience of a streamlined process. Customers prefer getting their money right away instead of waiting for credit/money at a later date.
Support & Training
Reason for Selling: