Auto Salvage Company

Location: New Jersey

Industry: Automotive

Sold, Profitable auto salvage business located in Northern New Jersey. This wonderful auto service always produces a substantial net income to the owner operator due to the high mark up and low cost of goods. The business is conveniently located in Northern New Jersey Essex County off US Highway 1 & 9. The area consists of a large metropolitan city with a substantial demand for this product and service. The site consists of forty thousand square feet, a fully operational 3,000 sq. ft. office and 60,000 square foot of storage and a three-bay garage. 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 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 400 plus vehicles. The owner evidenced gross sales of $4,263,767 and a consistent net yearly 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 also ship the salvaged vehicles exporting the inventory from nearby New Jersey ports.