Turn-Key Towing Company, serving the Triangle Area

Cary, NC (Wake County)

Seller Financing Available
Towing Company
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Asking Price: Get Financing: $179,000

Cash Flow: $76,800

Gross Revenue: $192,000


FF&E: $45,000

Inventory: $5,000

Lease Rate: $1,400 /Month

Established: 2015

Turn-Key Towing Company, serving the Triangle Area

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Business Description

In 2017 this Towing company was spun off of large auto repair center into a new LLC. Currently is operated as 90% absentee with passive income. The 10% involvement from the owner is for financial management for bank account and supervising expenses.The office is operated by 2 part time experienced employees and 1 experienced tow truck driver. They have 5 police rotation contracts in the Triangle area.

The assets are simple: 2006 F550 roll back, 2005 Mitsubishi Fuso roll back, 2005 Mitsubishi wrecker all in excellent condition. Also, office furniture, computers, printers, cabinets, etc. (at least $50k). It is a very lean operation with nominal expenses: rent, payroll, fuel and maintenance, and insurance.

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
1 FTE, 2 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1,500 sq. ft. leased space
Growth & Expansion:
This is a turn-key company/business generating profit. Owner only go into the office once a week to follow up on any pending issues. Ready to expand as the area is exploding with traffic, fantastic opportunity for someone new or existing company looking to expand.
Seller will consider some financing for a qualified buyer
Support & Training:
Willing to train, with experienced staff on board including the office personnel. Owner enjoys the 10 % involvement due to the experience of the staff running the business 90% of the time.
Reason for Selling:
Medical Concerns
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Contact the Seller

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Shanon Madrid

Business Listed By:
Shanon Madrid

Sunbelt of Durham/Chapel Hill

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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