Repairable Salvage Vehicles
Aged Cars find New Life
Business has been family owned and operated for 65 years and has maintained a reputation for honest dealing with all buyers on the conditions known on each and every vehicle. Sales for the past 4 years have averaged over $4.0 million per year with Seller's Discretionary Earnings, SDE, averaging over the same 4 years to be in the $195,000 range. This is a high asset value purchase with estimated values: Real Estate-$750,000; Inventory of Vehicles $350,000; Equipment $150,000='s a total of approximately $1,250,000 in tangible value and the balance in intangible value estimated at $250,000. Seller's will consider a reasonable transition period to assist the new owner in learning the market and also will consider a negotiated seller financed amount.
