Business Summary:
This successful long established auto wrecking and salvage yard is the only such licensed business in their town and the nearest competitor is 8 miles away. It has been providing a good living for the owner and his son for many years. They are connected with the Gold Ticket Parts Location service and the Inland Auto Dismantlers Association for the local area with internet VOIP and Verizon’s high-speed Fios fiber optic service. The Company has long-term repeat customers in San Bernardino, Riverside, LA and Orange Counties.
Their facility is being divided so that another business could be operated out of the same building adding some rental income. One outside 40’ enclosed storage container. The half acre lot can store up to 150 cars stacked two high. Concrete dismantle area. No environmental issues. Real estate is available on a long-term lease or for purchase to a buyer with a strong credit history.
Employees: 1 long-term, full time employee at a monthly cost of $1,408
Facility: 1,132 square foot building, plus a 602 square foot basement on a half acre lot which is owned by the seller. Owner will sell the real estate or write an attractive long-term lease at fair-market-value.
Price Includes: All equipment including two fork lifts and a 5 HP air compressor with underground lines. Inventory of approximately $40,000 included.
Support/Training: Seller will provide training.
Reason for Selling: Retirement
Asking Price: $100,000
Gross Revenues: 137,400
Seller’s Discretionary Earnings: Call
For more information on this business opportunity, please contact D. Joe Atchison at 951/277.4002, Ext. 303 or j.atchison@sunbeltnetwork.com.
Disclaimer: The above information is provided by the Seller. Neither Sunbelt Business Brokers of Riverside nor its agents have confirmed, verified or audited any information provided by the Seller and Broker makes no representation as to its completeness, accuracy or reliability. Due diligence efforts are the responsibility of the Buyer. Broker encourages Buyer to engage competent legal, accounting and other professional service providers to evaluate this business.
Comments: Seller is motivated and will be flexible on price and terms ith a strong buyer
Competition Description: This is the only wrecking yard in their city and is grandfathered in with no other wrecking yards allowed. The closest competition is 8 miles away.
Growth/Expansion Overview: By adding more inventory, revenues could be increased considerably.
Support/Training Comments: Seller will provide a good transition training period and the company\'s one, 30 year employee, would likely stay with the company.
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