Towing and automotive repair with home

Newville, AL (Henry County)

Seller Financing Available
Towing and automotive repair with home
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Asking Price: $179,000

Cash Flow: $121,200

Gross Revenue: $188,500

EBITDA: $46,000

FF&E: $112,250

Inventory: $2,000

Real Estate: $220,000*

Established: 1980

*not included in asking price.

Towing and automotive repair with home

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Business Description

This is both a towing service and automotive repair business and has served the lower Alabama area of Abbyville to Dothan since 1980 under present ownership and has served the Tri State area for 34 years, with the primary area served located in Henry County (Abbeville, Dothan, Eufaula).
The towing office and auto repair shop are on located in Newville. While there are other customers, the main repair service is the County Sherriff vehicles.
The business has six (6) part time employees in addition to the owner. The company has Tow agreements with State of AL for Henry County and maintains County sheriff’s vehicles earning about $5,000 month.
There is also a nice home on the property, can be lived in or rented for income.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,000
Employees:
6pt + owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office / home on County Rd 57 is 1450 sf heated and cooled, has 3 bedrooms,2 baths, sunroom. Built 1972, it was remodeled in 2017, put on a new roof in 2015, and in 2018 the A/C was replaced. The Shop is 40’x40’, has two repair bays, storage / impound fenced. There are older wrecks on a lot belonging to a friend who does not charge for the land use, should this change there is ample space beside and in front. The other property location is adjacent to the Henry County Sherriff Office, they use it for no charge but very likely consider this in who they call for wrecker service.
Competition:
Other local towing services rotate in the areas.
Growth & Expansion:
Buyer could be more aggressive in seeking new towing agreements. owner says he turns down as much business as he accepts, so could quickly double revenue.
Financing:
owner will consider some financing (wac)
Support & Training:
Seller will provide training as agreed to in purchase agreement
Reason for Selling:
retirement
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(from currently available funds)
 
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Lewis Floyd

Business Listed By:
Lewis Floyd

Bus Val Consulting, Media Mergers, Grimes, McGovern & Assoc

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