Tow Business and Storage Yard

Los Alamitos, CA (Orange County)

Tow Business and Storage Yard
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Asking Price: $425,000

Cash Flow: $165,000

Gross Revenue: $800,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,665 /Month

Established: 2011

Tow Business and Storage Yard

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Business Description

Towing Company that services Orange County and the surrounding area... The company has a major contract with an Insurance Carrier to handle their towing policies. They have a total of 4 trucks which includes two brand new towing trucks. The trucks are currently under loan payments and will be paid off through pay-off dates during the next 60 months. They offer a wide range of towing services from local to long distance towing. The Buyer has acquired a storage yard that has just been brought up to City Code for extended possession of vehicles brought in from Freeway accidents or breakdowns. They also have the entitlements in place to receive a contract from the Highway Patrol. The fee is $195.00 pick up for initial transfer and $50.00 per day thereafter. Both of these assets should be in place within the next two months. They are compensated twice a month by the Insurance Carriers. The final asset is their ability to do Overflow Towing jobs for Insurance Carriers Towing Services; that do not have sufficient towing trucks. This is a huge source of monthly income.

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Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
4
Facilities:
This business has four trucks along with a storage yard and building that will hold 12 additional vehicles. The yard is totally fenced in with cameras and security lights. The lease is $5665 monthly with options.
Competition:
The excellent part of this business is the insurance towing contracts allows this tow company to receive the overflow.
Growth & Expansion:
The business can add additional tow trucks for easy expansion.
Support & Training:
The Seller will stay for 60 days and train the Buyer in all aspects of the business. he will also help in transferring the Insurance contracts over for the towing business.
Reason for Selling:
Early Retirement
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Suzie Sales

Business Listed By:
Suzie Sales

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