Towing and Recovery Business

Louisville, KY (Jefferson County)

Seller Financing Available
Towing and Recovery Business

Asking Price:$249,000

Cash Flow:$95,834

Gross Revenue:$345,900

EBITDA:$56,234

FF&E:$101,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1987

Towing and Recovery Business

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Business Description

Profitable business with over 25 years in the industry. This company has all the hallmarks of an excellent opportunity: ethical business practices, loyal employees and clientele, as well as a seller who is willing to mentor and train his successor for an extended period of time. The business has generated steady profits for decades, and often much higher than those reported above for 2016. It does well in times of economic growth and recession.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
3 FT and 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business occupies C-2 zoned facility with completely secure lot. The property houses a secure storage facility, business offices Gated and fenced. Entire facility is secured with cameras and comprehensive security system. Located on a busy thoroughfare with a combination of other industrial and retail business. Seller owns the Real Estate and will lease to the buyer for $18,000/ annual rent. The business is listed with an option to purchase the real estate, but Ask price above is for the business only. Please contact broker for more information on the price and terms of the Business including Real Estate. The Real Estate is zoned C-2 and located on a busy thoroughfare with a combination of other industrial and retail business. The property houses one additional tenant. Tenant lease generates added revenue, not disclosed in the financials above.
Competition:
The business operates in a highly regulated industry. It has its certifications and workflows firmly established, as well as long-term reliable employees. It is not easily duplicated. Decades of thoughtful ownership and process engineering, as well as theses certifications, and relationships and contracts with key clients will transfer to the buyer. All are extremely valuable.
Financing:
Available for Qualified Buyers
Support & Training:
Seller will remain for 30 days of on-site training to insure a smooth transition for the buyer. Seller is willing to consult as needed on favorable terms thereafter.
Reason for Selling:
Retirement

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OTIS R. FLORENCE

Business Listed By:
OTIS R. FLORENCE

BUSINESS BROKERS & CONSULTANTS, INC

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