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Businesses For Sale   >>   Essex Businesses For Sale   

Auto Salvage Yard

Location  Essex County, New Jersey, United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1200000
Net Profit / Cash Flow  $450000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2012
Number of Employees  10 - 19
Inventory  100000 Equipment Only
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The seller will remain post-closing and supply an appropriate transitional period.
Reason for Sale  The owner is relocating overseas.

Description  
Recently remolded this modern profitable urban Auto Salvage Business (junk yard) located in Northern New Jersey, Essex County. The company is located on a highly active county road and conveniently off US Route 1 & 9. The business location has recently been fully upgraded with a clean professional image. The facility consists of approximately eighteen thousand square feet with a capacity for 200 plus vehicles, with a two thousand square foot office, three bay garage and 12,000 square feet of warehouse storage area. The owner is prepared to evidence a minimum of $1,200,000 gross income and a yearly net income of $450,000. The sale includes a long lease with a modest rent cost of $5,000. The sale includes a valuable license which permits the user to buy and sell autos, auto parts and scrap metals. The business also has software for this particular industry, auto racks, shelving, POS system, accounting system, including all the necessary equipment to maintain the day to day operation. This particular business has eleven employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $22,000. The business is active six days per week, with hours from 8:00 am to 5:00 pm. The business has an assignable commercial lease which expires 2018-01-01 plus additional options, with a monthly rent of $5,000 and rent security $10,000. The facility has appropriate private parking on site as part of the commercial lease. The sale includes a certificate of occupancy from the particular municipality and license approval to maintain their day to day operation. Based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator.


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