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Well Known Generic Name is Junk Car Business

Union County , New Jersey

Asking Price: Gross: Cash Flow:
$375,000 $240,000 $174,608

Inventory Value:
$2,000 (included in the asking price)

Business Summary:
This Junk Car business which has 3 websites and has been established for over 6 years buy old, non-operational cars from people who no longer want them and don t know what to do with them. This includes any model, any year, regardless of the condition running or not. Removal is always reliable, fast and free. The business receives calls and emails to their well known websites(household words in the car business) from customers looking to dispose of the vehicles, they educate the customer about their services, have the customer answer a few simple questions, give them an estimate, schedule the job and route the job with one of their contracted towing companies. A predetermined price is established with the contracted towing company who picks up the vehicle and a set price payment is made to the business. The whole process only takes a few minutes. No liability is assumed by the website owner. Junk cars that use to sell for $100 now sell for $400-500. There are millions of cars around the world and they all get old and depreciate in value. Each year close to 12 million vehicles reach the end of their useful lives and are taken out of service. Last year they purchased and sold over 1,440 cars. Profits can double if a tow truck was purchased and not contracted out to independent tow truck companies in the local area. It s good for the environment to recycle. In many cases the junk cars are broken down into different re-usable and the metal parts that cannot be reused in some way are then sold off to metal recycling plants. Profits can double by using own tow trucks. For further information, please contact Vito Mastromonaco at 908-851-9040.

 
   
   
Year Business was Established: 2006
   
Facilities / Terms of Lease: This Junk Car business which has 3 websites and has been established for over 6 years buy old, non operational cars from people who no longer want them and don’t know what to do with them. The business receives calls and emails to their well known websites from customers looking to dispose of the vehicles, they give them an estimate, schedule the job and route the job with one of their contracted towing companies who pay them the predetermined price.  
   
Owner willing to train: 4 weeks training  
   
Reason for selling: Too hectic or owner-wants to get into a slower paced business  
 

 

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