Location:  Central MN

Name:  Jack’s Auto Parts

Years Established:  50.  Only 2 owners during this time period.

Buildings: 

Building #1 – 50’ x 100’ with 16’ sides and 2 hoists.  5 years old.  Three 12’ X 14’ overhead doors. This is the first stop for cars brought in to be parted out.  Parts are removed and cataloged in this building.   

Building #2:  50’ x 100’ plus 20’ x 30’ new office addition.   Roof was recently replaced.   Nice tongue and groove pine in office area.  

Building #3:  46’ x 88’ all heated and finished.  Has hoist and paint booth.

Land area:  38 acres

House:  Two story 3 bedroom home with one full bathroom, one 3/4 bath and one ½ bath.  Full finished walk out basement and single attached garage.

Real estate taxes:  Approx $4000

Reason for selling:  Retiring

Parts inventory:  Currently $4.7 million parts inventory at wholesale price plus the salvage value of over 2000 cars.  All parts are cataloged and entered into the computer.  Very sophisticated software tracks all inventory and also tracks the location of the cars in the yard making it easy for workers to find and remove parts as needed.   Currently has over 2000 cars in the yard.

# Employees:  6 full time and 3 part time.

Hours:  8:00 am to 6:00 PM weekdays.  8:00 am to noon on Saturday.  Closed Sunday and holidays.

Gross Income:  $1 million +++.  Letter of Confidentiality required to obtain financial information. Letter of Confidentiality

Price:  $3.5M including land, buildings, equipment, house, cars and parts inventory.

Terms:  Cash or seller will consider contract for deed financing to qualified buyer.

COMMENTS:  This is one of the largest auto salvage yards in central MN and also one of the most well established.  This recession proof business has had only two owners for the past 50 years.  Lots of room for expansion and growth if desired.  Deals in mostly late model cars and parts with approx 50% foreign and 50% domestic cars.  Sells parts nationwide.  Purchases cars at various online auction sites throughout the Midwest and trucks back to the facility to be parted out.  Approx 75% of the business is internet sales.  Could have a link to Ebay and other internet auction sites if desired.  Addition of shopping cart to their website would increase sales dramatically.   Visit their website at:  www.jacksautoparts.net.  This is a tremendous opportunity to purchase a well established and profitable business with tremendous upside potential.