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

EBITDA: N/A

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

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
1 FTE, 2 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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.
Financing:
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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