Profitable Auto Salvage Business located in Northern New Jersey, Essex County. This wonderful auto service industry always produces a substantial net income to the owner operator due to the high mark up and low cost of goods. A salvage yard, or lot, is used to store auto parts and scrap metal to be sold as individual parts or in bulk at a substantial mark up. The resalable of auto parts and vehicles is a national retail operation representing billions of dollars yearly sales. The company is located on a highly active county road and conveniently off US Route 1 & 9. The business location has been fully upgraded with a clean professional image. The storage areas consist of approximately ten thousand square feet with a capacity for 200 plus vehicles, with a two thousand square foot office, three bay garage and thousands of square feet of storage area. The owner is prepared to evidence 2018 gross sales of $1,263,767 and a consistent net yearly net income. They also specialize in wrecked luxury and exotic vehicles as well as damaged hybrids and foreign cars. Their experienced staff also functions in bulk purchasing of salvaged cars from thousands of insurance companies and banks. Their inventory comes in varying conditions including theft recoveries, collision damage, flood damage and bank repos. They can ship the salvaged vehicles exporting the inventory from nearby New Jersey ports. Viewing their inventory is available online and always posted for sale. The sale includes a long lease with a modest monthly rent cost. Based on the asking price, required down payment and yearly net income, this business expects to supply a solid return on investment to the owner operator.
Seller Reference #AUTO277
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