Larry Harms started a small auto salvage yard in 1961 and he still owns and operates it after 53-years of business. Located in Wendell, Idaho, the salvage yard, L&L Classic Auto, has become one of the largest in the United States.
Every couple of years we see this add pop up in the social media outlets offering Harms’ salvage yard to the right buyer, if the price is right. As the story goes, the business began as a small auto body shop with a tow truck.
Accidentally Harms began collecting cars. Once he had collected enough to attract attention, the City told him to take his cars somewhere else. The father of a young boy who hung around the shop showed Harms an 80-acre piece of land north of town. Harms bought the property in 1967 for $8,000. He sold the body shop and concentrated on the salvage yard.
A few years later, as his collection expanded, he bought another 40 acres. “I’ve been here ever since,” Harms said. Since then Harms has been filling up that 120-acres with American history. Harms married Linda Davis in 1993 and changed the name of the yard to L&L Classic Auto, and has operated it as such for the past 20 years. As with most things, Larry decided that it was time to retire, so he put his lifelong work up for sale.
His ads in the past have stated that the land and everything on it was for sale. Probably only 75 percent of this yard is actually inventoried since it was started in the 60’s. While he claims over 8,000-cars are on the site, conservative estimates place the amount closer to 10,000-cars, boats, buses, tractors and trucks.
Harms is in no hurry to sale either, maintaining that he is looking for the right buyer. First, keep in mind that the cost for all this land starts at $3 million. He is determined to find the right buyer – someone that is willing to maintain the function that L&L has established. Harms won’t sale to anyone that would destroy the cars just to develop the land. “I won’t sell it. I don’t want it crushed. I could do that myself,” he said.
According to Harms, what you are buying is the cars. He is selling them anywhere between $300 and $375 per car, which is a steal if you listen to his staff. You buy the cars and he’ll throw the land, the warehouses full of parts and everything on it, the whole kit and kaboodle for free.“I will miss this place, but I won’t miss the stress of running it,” Harms once told FoxNews.com.
The current price tag is listed at $3,000,000.