In our world, who wouldn't want to buy a junkyard & get to work?
In our world, who wouldn't want to buy a junkyard & get to work?
Crap! That's close enough to be to threaten my marriage.
yeah I was actually surprised they went under. They seemed to be doing alot of voume on rebuilds the few times I dealt with them, and they seemed to part and sort things in a logical manner for organization.
If you look through the lots, there's piles of equipment for sale! http://www.hilcoind.com/sales/lots.asp
Holy poop. They have EVERYTHING I want and have wanted to get a biz going.
Why do you post the stuff that's 15 minutes down the road from where I'm sitting? seriously.
Someone buy this and I'll come work on the weekends.
I attempted to buy a salvage yard once. It's a nightmare. Banks don't know how to value used parts, so they can't put value on the yard for a loan and thus don't want to loan any money to buy it. EPA requirements, at least in Ohio, are very difficult to satisfy, and you have to go through all of that when changing ownership. In the end, I was able to secure financing from a relative, but dropped it anyway because of the endless hoops that I needed to jump my fat ass through.
bravenrace wrote: I attempted to buy a salvage yard once. It's a nightmare. Banks don't know how to value used parts, so they can't put value on the yard for a loan and thus don't want to loan any money to buy it. EPA requirements, at least in Ohio, are very difficult to satisfy, and you have to go through all of that when changing ownership. In the end, I was able to secure financing from a relative, but dropped it anyway because of the endless hoops that I needed to jump my fat ass through.
When I was... 14(?) my dad nearly bought a vintage Ford junkyard.
My life's gone pretty darned well for the last 26 years, but I certainly wonder occasionally what would have happened if had done that...
But if I owned a junkyard people would keep trying to buy my stuff. 
MrJoshua wrote: But if I owned a junkyard people would keep trying to buy my stuff.
That would be my problem, too. It's also why I won't own a house of ill repute.
bravenrace wrote: I attempted to buy a salvage yard once. It's a nightmare. Banks don't know how to value used parts, so they can't put value on the yard for a loan and thus don't want to loan any money to buy it. EPA requirements, at least in Ohio, are very difficult to satisfy, and you have to go through all of that when changing ownership. In the end, I was able to secure financing from a relative, but dropped it anyway because of the endless hoops that I needed to jump my fat ass through.
My friends dad and his uncle owned Hub Auto near Lemont, Illinois. It was all you said. Grandma owned the land and they found it easier to clean it up and sell the real estate. It's a tough business and the local people hate the view.
Why did the current guy not make it work?
That's 20 minutes from where I grew up. It would probably be cool to do, but then I'd have to live 20 minutes from where I grew up. I think I'll pass.
I also forgot to mention that because of all the problems involved in selling and buying salvage yards, the bigger companies are buying up the smaller ones, and it won't be long before the small yards can't compete. Of course, this is a general statement based on the situation in my area.
You'll need to log in to post.
