Junkyard for sale. http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=39405&item=4536331259&rd=1
That junkyard has been on ebay for at least a couple years. I can't believe someone hasn't snatched it up yet. You could live another 3 lifetimes with the money you could make off that stuff. For instance, just the Cahrger 500 grille and surround alone must be a fortune! :eek2:
As a group, we should incorporate a company. 7900 members each put in $500-750. Offer around half what he's asking for. The cost to define & catalogue what's there will be substantial. Have to find an individual willing to "Live & breathe" this operation for a couple years. Opportunities only knock once......
We have a "museum" like that here in Denton, Texas. Don't think the guy has sold a thing in years because he is so overpriced. :rant:
The guy is too tired to continue the business but can put it on ebay for how long and how many times now?????? Property is separate BIN auction?????? Why not just start putting the parts on ebay and go collect the money? I keep seeing the words collection and not "recycling yard, junk yard, salvage yard, anything that says it is a commercial operation. How long do you have to get all the parts off the property. There is more to this than the very little in the listing. Getting $1.5 million together isn't that hard, especially if the "value" of the goods is high. The fact that it hasn't been done yet leads to more questions of why not. Larry
With a little effort. A digital camera, computer, some packing material and supplies, and an ebay acount. He could probably clear close to 700K in a year.
I second that. I have no sympathy for any parts hoarder who "collects" parts and never sells any. It's a hell of a lot easier to sell single parts than it is to sell a whole friggin junkyard is it not? If he started selling individual parts years ago when he started listing this junkyard on ebay, he'd have made hundreds of thousands already. People like this end up getting buried with their parts. :error:
I agree!!! V8 INC. has a nice sound to it!! Put up the $$. Rent locally, sell for a few years,retire.... where ever the heck you want!!! :Brow: I WANT IN!!!!! :rant:
Count me in I'd take a couple shares of that just to wander around in there for a month. The return would have to be better than the Rouge Steel stock I bought when my son started working there 5 years ago. Now owned by a nice Russian firm. My$5. a share stock is .02. Thats not bad enough I also lost my A plan. Now back to that enjoyable investment, My 65 Skylark. Enjoy all. Dan
Biggest problem I see is being able to qualify, to some degree, what's there. A solid two weeks, by two knowledgeable individuals, might get a reasonable idea. You would need to be familiar with all types of cars- Chrysler,AMC, GM & Ford. Any business venture always brings it's share of risk. Key is to reduce the risk. $1.5 is too much considering the up front costs to itemize. Allow about 50% garbage/non useable parts due to weather/neglect. This is a clear case example of the sum of the parts being worth more than the whole.
So lets see some resume's Just say for the sake of a mental exercise that the money is not a problem. (No I do not have it.) Lets say you were able to talk the guy down to $1M. 100 investors @ $10K each. The hard part suddenly becomes finding the one guy who can move there for two years, and do all the hard physical work of cutting, dragging, sorting, e-baying, packing and shipping. Anyone who would be capable and trustworthy would need to make a decent buck. Then you have 100 guys showing up and looking to walk the yard and pickup there $10K in treasure. So he would have to be a politician too. My guess at the end result would be 3 or 4 guys making a killing on it and the rest lucky to recoup their $10K. Fun to think about though.
Sounds like a good investment until the EPA tells you they want you to pay for the ground to be cleaned from all of the years of oil, gas, antifreeze and 100's of other chemicals that have been leaking for years ou: That 1 mil $ purchase won't look so good then. :eek2: It does look like a gold mine of parts though :Brow: :beer
What's the price of scrap steel these days? Not that I advocate scrapping them all, but it's a way to recoup some money. One problem is htat you aren't purchasing the land, just the cars. "No EPA problems" sure there isn't, until you try to sell it for farm land or residential.
Trevor, The auction is for cars and parts only, NO dirt. I would be afraid of the EPA, local politicians who try to squeeze an outsider, zoning and a whole list of minor things. 6 guys pony up $250K each if the goods are there. 1 managing partner oversees the operation and hires local help to do whatever needs doing. A couple of weeks wandering the yard should give you an idea if it worth doing. Everything worth selling gets cataloged and sold on ebay, except maybe some rare car that RM or BJ would prove a better venue. A heads up to Car clubs about the inventory for their marque and listing times for parts. Probably wouldn't need more than about 60 days of lead advertising to have the word out to most interested parties. Everything but the scrap get auctioned. The scary part is you would need to do $125K per month in sales for a year just to cover the acquisition cost, before any operating expenses and profits for the investors. I'm thinking that is why it has been floating around ebay for so long. Larry
VT. Junkyard I have walked through this place. The nice cars are few and far between. Most of them, being in VT, are rusted junk. Any part or car that has any possibilty of being resurrected he wants crazy money for it. He has been trying to sell this place for the last 10 plus years. The inventory isn't worth anywhere near the asking price. He told me about 6 years ago that his reasoning is that he has over "a million parts" and that at a dollar a part somebody could make good money. Stupid logic! Most of the parts have no value or market, that's why he still has everything. Also, the State of VT doesn't want contaminated old junkyards that have been leaking fliuds for the last 30+ years and somebody could be buying an enviromental disaster.
parts offer 350000 and dont buy the property for liabilty reasons im sure you can make something on this. where do we send investment check to? andy :TU: :beer
Buickwise confirms what I suspected, there are no "goods" to be got, or if there are they are not worth $1.5M+. If there were it would not be on ebay again and again. I'd still be very afraid of EPA and the locals, especially if they want the place cleaned or closed. You could buy the parts and not have time to sell them. I'm not sure $350K isn't too much either. If he really wants to sell this stuff he either needs to just start selling it or find a partner to do the work. Larry
