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Automotive Business For Sale

Auto salvage is needed in just about every town or city in every state. You don't have to have much mechanical experience to start a successful salvage business. The following steps will assist you in learning where to begin to get started:

1. First you will need to acquire a few acres of land; depending on the amount of cars you plan on having to start your business. You can stack junk cars on top of each other and park them close together.

2. You will need to make sure the land you have or want to use is approved to be used as a salvage yard. You will need to check the local zoning codes for this. You will most likely not be permitted to place a salvage yard in a residential area.

3. Create a business plan for your business that includes, your expectations, goals, needs, plans, and what you plan to do to make money. Anyone who will be interested in investing in your new business will want to see your business plan before agreeing to invest or loan you the money needed for your business. Make sure that you are clear in your ideas and goals when you place it on paper.

4. Go to your financial institution and apply for a loan. You may have to use your savings or other funds in your possession to get started. The most expensive portion of the auto salvage business is the land on which you will be parking the junk cars, and if you already own the land then you probably won't have much start up costs.

5. You will need to have an office, some tools, a tow truck, cutting equipment (like a cutting torch) and a forklift or loading truck to move the junk cars around the yard.

6. It will be necessary for you to get all the proper licenses and/or permits from your local governmental office to operate your new salvage business. You will need to contact the D.M.V (Department of Motor Vehicles) to find out what type of paperwork will be needed to purchase and obtain salvage vehicles.

7. Advertise, advertise, and advertise. Place an ad in the yellow pages for your new auto salvage business. Place clear, large, legible, signs at the entrance to your salvage yard. You may also be required to fence in your salvage business. If you follow these steps you should prove to be successful.

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