San Bernardino County, CA Towing Companies For Sale

Auto Towing, Repair & Storage Business - Seller Finance, GrowingRetiring Owner, Seller Finance, Growing Revenue, Limited Competition
$495,000 Cash Flow: $265,000 Seller Financing
Auto Towing, Repair & Storage Business - Seller Finance, GrowingRetiring Owner, Seller Finance, Growing Revenue, Limited Competition

San Bernardino County, CA

The business was established since 1991, providing Towing, Auto Repair and Storage Services. With very limited competition in surrounding areas and after operating the company successfully, the owner is ready to retire at the age of 79. The location is 20-30 mins north of the city of San Bernardino. Employees: 5 Tow Drivers, 1 Mechanic, 2 Office Staff - Dispatcher/ Receptionist + 1 Working Owner. Owner works about 5 days/ week – He, sometimes, fills in for tow - drivers on a busy day and works about 40 hrs. / Week. The company continues to experience Year Over Year Growth. Relatively high barriers to entry as there is very limited availability of properties zoned for such a business in this area, making it an attractive acquisition target. Assets Include: 4 Flatbed Trucks, 2 Wreckers, 2 Service Trucks, 2 Lifts for Auto Service and Repair, and a fully functional garage - the location of the business is an asset itself. Not only that, 2 Trucks have recently been bought and all equipment in great condition (to replace 2 older trucks). Revenue: • 2015 Revenue: $790,317 • 2016 Revenue: $876,321 • 2017 Revenue: $936,517 Key Points: • Seller Finance (qualified buyers with $250k down payment) • Contracted: AAA, CHP and several other valuable companies • Seller willing to train/assist buyer for smooth transition- (Seller- willing to stay onboard as consultant for reasonable period) • Real Estate Optional (2 Adjacent Parcels) • 800 SF. Office/ Repair Building. Total of 6094 SF. Of Land inclusive of 2 adjoining parcels. Only 1 parcel in use currently amounting to about 2/3rd of the total combined size. • Current lot fully fenced • Zoned for current use • Two lifts for auto repairs and a fully functional garage Current financials include rent expense of $33k/ Year. If the buyer decides to purchase the property, this expense will change and go towards the mortgage. ASKING PRICE: • Business - $495k • Optional Real Estate - $450k Contact: Raj Parikh | (909) 510-9102 | rparikh@naicapital.com