Auto Salvage, Repair, and Scrap Metal Recycling/Superb Location
| Asking Price: | $1,195,000 | Inventory: | $125,000 ++ |
| Gross Revenue: | $350,400 (comments below) | Real Estate: | $900,000 ++ |
| Cash Flow: | $142,300 | FF&E: | $85,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: does not include auto sales | |||
MAJOR PRICE REDUCTION DUE TO HEALTH ISSUES! Long established and very profitable auto and truck parts salvage company. Currently 150 cars in yard; full capacity is about 500 cars double stacked. Heavily CASH business that also is licensed for auto/truck repair and scrap metal recycling (auto sales NOT included in financials). Prime real estate location on very busy main road with other businesses that generate revenue for the salvage company nearby. Salvage license is almost impossible to get in this area, but company is grandfathered for this location. Possibility of buyer assuming $400K mortgage note. Significant owner financing, but buyer must provide financial statement and resume in addition to non-disclosure agreement.
About the Business
Year Established:1978
Employees:3 full time -
Facilities:Inventory of 150 salvage vehicles + shelved categories of parts. Total yard capacity about 500 cars, double stacked 1.26 acre property includes 4 separate buildings with surrounded by 8' concrete wall. Excellent signage on major highway.
Market Outlook and Competition:PRIME real estate/location. Licensed for salvage and vehicle repair and recycles scrap. New salvage license essentially impossible to obtain, but grandfathered in this location. Other related businesses that acquire parts and services from business located nearby.
About the Sale
Management Training and Support:2 weeks training/transition at no cost.
Reason For Selling:Father health/retirement. Son will consider remaining with company if desired.
Seller Financing:Seller will finance $485,000 over 10 years at 9% for qualified buyer. Possibility also of assuming $400,000 mortgage note.
KEYWORDS: auto, salvage, auto repair, repair, scrap, recycling, scrap metal, junkyard
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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. Please review the full Disclaimer here.
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