This is a turn-key business opportunity to acquire a highly profitable auto salvage yard business in Volusia County, Florida. The price includes two parcels: 1335 Center Ave, which is a 16, 734 square-foot lot with a 9, 320 square-foot building and all of the inventory, and 1339 Center Ave, which is a total of 46, 800 square feet of storage, bringing the total land size to 1. 458 acres.
Located near highways, this location is suitable for a business looking to expand into the Daytona Beach and Central Florida markets.
The business has been successfully operating for over 35 years, This is easily understandable since all of the auto parts are meticulously cataloged, stored, and inventoried in a robust system that tracks the usage of every item that is sold or received in the facility. Due to the organization of the business model, day-to-day operations run efficiently with low labor costs. Auto parts are sold to both the general public and business-to-business.
Automotive recycling is the most recycled item in the U. S. and the industry is the 18th largest industry in the U. S. A. Inventory and prices of new cars continue to increase, the used auto part industry will continue to thrive and grow, creating a recession-resistant industry.
ALL assets of the auto salvage business, current sellable inventory, and the real estate of 1335 Center Ave and 1339 Center AVE are included in the sale.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $333 | $333 | $333 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,896 | $6,896 | $9,451 |
Total Monthly Payment | $7,354 | $7,354 | $9,909 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.