40 Yr. Established Towing Company with Real Estate

United States

40 Yr. Established Towing Company with Real Estate
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Asking Price: $2,100,000

Cash Flow: $126,000

Gross Revenue: $980,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,800,000

Established: 1978

40 Yr. Established Towing Company with Real Estate

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Business Description

Established for over 40 years, this family owned and operated towing company continues to be very successful year after year. This reliable, established operation has long term relationships and towing contracts with several state and local government entities along with accounts with many private automotive businesses in the area. In addition, 40 years in business has gained this company the steady flow of business from the private sector.

The company maintains a large storage yard on the premises for lien vehicles. Public auctions are conducted which create an additional income source for the business. The rear storage yard also accommodates tow truck and equipment parking, parking for employees’ vehicles, as well as storage area for evidence vehicles as required by the Police Depts. and CHP.

Offered in conjunction with the business is the sale of the real property which consists of 3 parcels totaling 2.1 acres.

With the constantly growing number of vehicles in Southern California, a new owner has the opportunity to obtain additional municipality contracts to increase the revenue of this well established and recession resistant business.

Asking Price Breakdown:
Business - $300,000
2.1 Acre Real Property - $1,800,000

Purchase of business is contingent upon purchase of real property.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
7,000
Employees:
11
Facilities:
Towing company located on spacious 2.1 acres on major boulevard.
Support & Training:
Full training provided.
Reason for Selling:
Retirement.
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Earla King

Business Listed By:
Earla King

BottomLine Business Brokers

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Sponsoring Broker:
Sean Edelstein

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