The towing contracting business was founded 17 years ago. The company has weathered the last 5 years of the economic recession. Seller's discretionary earnings for 2011 are substantial for a company with $359,915 in gross revenues. The seller is highly motivated to sell so that he may continue to develop an unrelated business with a family member. The owner has a secure 4.95 acre facility to store approximately 200 vehicles. There is a 500 square foot modular office complete with computer and telephone system. The company has had the same telephone number for many years. In addition to the owner there are 3 full-time employees & 2 part-time marketing employees. When he needs part-time help, he engages the services of friendly competitors and the use of a 24 hour dispatch service.
For the period ending 12-31-11 the company's gross revenues shown on a federal income tax return were $359,915. Seller's discretionary earnings were $117,932. The seller will share more details about his significant personal perks with an experienced, financially qualified prospective purchaser. The business is offered for $290,000 and the real estate is offered for $435,900. An independent MAI appraisal will be needed if the prospective purchaser wishes to obtain institutional financing. An acquisition will include the trade name, an array of equipment, inventory of vehicles, tools, computers, telephones, filing cabinets, signage, covenant not to compete, and all necessary, transitional support the seller will offer a new owner. All of the company's assets are free and clear of any liens or encumbrances.
Confidentiality is critical for this towing contracting business. Brokers and prospective purchasers alike should understand the owner does not want the employees, competitors, customers, or suppliers of product to learn about the business until a close of escrow has occurred. Contact Robert E. Lenhard at 520-577-5151 or email for more information.