Business Summary:
AUTOMOTIVE: Salvage Yard: Turn junk into cash! Here is a business that makes money from a handful of different income streams. The Company purchases vehicles that have been wrecked or are junk from a variety of sources. Vehicles are inventoried and location is recorded in the computer system. The computer system is specifically tailored to the salvage and junk industry. From the vehicles they take out the components that may be sold as parts or cores: i.e. starters, catalytic converters, alloy wheels, transmissions, engines, light bars, etc. What is not sold for parts is to be junked and sold as scrap metal. Parts that have been removes from the vehicles for resale are organized in the parts warehouse. The part locations are recorded in the computer system to make them easy to retrieve for sale. Sales of parts are made through their own websites, through other scrap yards, and over the counter. Shipments go out daily through company truck, truck freight, and UPS. The Company has a salvage license, junk yard license, and a used car license. The current owner focused on growth the last 12 months by increasing his scrap turn over. They are taking in many more cars and cashing in on the increased scrap prices which should continue into the future. The Company is in peak condition for a new owner to come in and continue the growth. Current owner nets over $188,000.
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