I would like to suggest, for the less experienced buyer to hire as a consultant the sharpest attorney or business broker you can find and pay him for his time to watch your rear end, in negotiations and in reviewing the companies you are considering buying. In real estate we call this a buyers agent, except with businesses the listing agent will not always co-operate in splitting the commission. This means you need to be willing to pay your agent an hourly fee for helping you. Let me give you a real example.
So what do you do with your car when that is the case? You have four choices; sell it, part it out, scrap it or donate your car. Selling a car with a serious problem is very difficult. Most people only want to purchase a car they can drive without having to make any expensive repairs. Anyone who is interested in buying it is likely to offer you very little money for it. Selling a car is also very time consuming, inconvenient, unsafe and frustrating.
One of the best places to find a car fender cover for a vintage or antique car is the local what auto parts stores are open right now. If there is a car that has been discarded in the junkyard, you might be lucky enough to find out a fender cover here.
Most people generally think owning a scrap yard is the only way to make the real money with recycled metals. However industry consistently has a need to dispose of old equipment and materials. Sourcing these large supplies of metal junk can be as simple as finding nearby demolitions, office closures, manufacturing plant shutdowns, vehicle wrecks, etc. Many of these individuals and companies will gladly pay YOU to remove their “junk”. Not only can you receive a removal fee, but you will also receive the scrap value at your local yard.
Paying for insurance on that car is just like throwing money away each and every month. What a WASTE! Getting rid of cars for scrap eliminates that payment and opens up that much more money in your budget. In fact what you get for the car as scrap could mean an insurance payment for your good car, as well as the fact that you get to drop that old car off of the insurance plan altogether. Bonus!
I have people call me to inquire about buying a body shop that have no automotive experience at all. You can buy an auto repair shop, muffler shop, brake shop or lube store, and learn the business, with no experience to start. You probably should not buy a salvage yard body shop, or scrap yard with out being raised in the business. If you are a salesman you can buy almost any business.
The curb appeal of your neighbors house is just as important as the curb appeal of your house when you are trying to entice a buyer, especially if the market is hot and they have many homes to choose from.
