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Auto Salvage Yard For Sale
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $400000
Net Profit / Cash Flow $145230
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1956
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Owner is retiring.
Description You can profit from the rising costs of raw materials and the strong trend to source used/rebuilt automotive parts by operating this combination of auto salvage and parts (used, rebuilt and new) businesses. The potential is unlimited, because all the elements for success are in place for the new owner of this 53-year old business. First, the immaculate scrap yard has been in 100% compliance with all environmental regulations for the last 18 years. Second, there is space for 100 cars as sources for parts plus there is plenty of space to store parts. Third, there is a sophisticated computer system to track inventory, which is critical to maximize turnover and profits. Fourth, the real estate is available for sale now, or at some future time through the owner. Currently the scrap business has the necessary equipment to process 50 cars a day at an average selling price of $400 - $450 per car plus the value of recovered parts (up to $4,000 to $5,000 per car, depending on the year, make and model). Wrecked cars are purchased at prices ranging from $100 to $500 per car, so you can imagine the profit possibilities. There is enough space so that production can be doubled with an investment in equipment and additional employees. The parts business includes existing inventory, which is conservatively valued at $150,000. In addition to increasing automotive production, future growth can come from the addition of appliance recycling. Success in this business requires hands-on management, mechanical aptitude and an appreciation of compliance with environmental regulations. Knowledge of the computer system and the markets for scrap and parts can be learned on the job. This is an ideal opportunity for a partnership of 2 or more individuals. Each partner can develop expertise in a different part of the business, so that the entire business reaches its full potential.
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