To start a junkyard?
I got laid off last week and I really want to be my own boss for once. How much start-up would you guess for some land, a cheap building (maybe a trailer) a fence and some busted up cars? Im thinking 150k minimum, but I really have no idea.
My second idea is to rent a mid-sized warehouse and have a junkyard for higher-end stuff.
I know that I will most likely end up in an office somewhere, but it never hurts to dream...
good luck with insurance and the EPA
i can't say how interested he'd be about talking about all of it, but the owner's a nice guy. up in concord, nh, there's a bmw salvage garage called Euro Depot, and it basically looks like a garage but with bmws outside in various states of disassembly. he's got a couple lifts so he can pull parts cleanly and a lot of storage space to catalog commonly needed parts that dont get scrapped. might be a somewhat easier way around the likely AWFUL red tape the EPA would put around a new pick and pull type.
Awesome. I like the euro depot idea.
you could look into a yard that is for sale since i have seen some for sale one the net at times..not sure where they where that i seen them though....
Crib to Death law.
Open a Pub instead.... 
In reply to Cole_Trickle:
I tried to buy an existing salvage yard about 10 years ago. It was so difficult to get through all the red tape, I finally gave up. Starting one may be easier or harder, I"m not sure. In any case, I hope you have the cash, because you're not going to get a penny from a bank.
Starting a used parts business, yeah, that would be reasonable. A normal outside salvage yard, probably not. The sucessful small scale operations I have seen are like the other one mentioned, you buy a certain type of car, part it out and keep everything thats good in a warehouse to sell, then repeat as necessary.
Look at dC Auto for a good example of an indoor parts yard...It's not open to the public, so I imagine, it would be easier with the insurance companies.
Don't forget ZONING and all of the local, state and federal regs plus local codes.
WilberM3 wrote:i can't say how interested he'd be about talking about all of it, but the owner's a nice guy. up in concord, nh, there's a bmw salvage garage called Euro Depot, and it basically looks like a garage but with bmws outside in various states of disassembly. he's got a couple lifts so he can pull parts cleanly and a lot of storage space to catalog commonly needed parts that dont get scrapped. might be a somewhat easier way around the likely AWFUL red tape the EPA would put around a new pick and pull type.
we need a pick and pull in our area....
To start a NEW salvage yard in Michigan, one that will be "profitable" within 10-15 years, will cost about $1.4m plus property (This is for basic inventory, property improvements and staff) expect to be in the 7 to 20 acre range to be effective. A salvage yard operating system would be helpful at $1500-$5000 per month.
Buying an existing yard can be done between $100k and $4.2m right now depending on what you want to do.
BARNCA wrote:WilberM3 wrote:i can't say how interested he'd be about talking about all of it, but the owner's a nice guy. up in concord, nh, there's a bmw salvage garage called Euro Depot, and it basically looks like a garage but with bmws outside in various states of disassembly. he's got a couple lifts so he can pull parts cleanly and a lot of storage space to catalog commonly needed parts that dont get scrapped. might be a somewhat easier way around the likely AWFUL red tape the EPA would put around a new pick and pull type.
we need a pick and pull in our area....
there's Brandy Brow in Plaistow. that's where ive been going. but i dont know of any others up by you or even all that close to me.
