Towing Services
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $400000
Net Profit / Cash Flow $140000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1965
Number of Employees 4 - 5
Inventory 416000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description This company is a vehicle towing service covering a market area comprising the central and eastern geographic portion of the New York State, Capital District Region. The owner has decided to retire. For a number of years the owner has been operating the business at a reduced volume by choice. The business is poised to grow under new management with its strong reputation, location and an asset base that can handle a very significant increase of towing volume.
Services provided include towing and limited vehicle storage. While most of the major auto clubs are served by this firm, there is an opportunity to substantially increase towing volume with additional club services. The vehicle asset base will allow for a significant expansion. Repeat towing service revenues have also been attained through relationships with auto dealers, fleet operators, repair garages, body shops and parking facilities.
A very profitable opportunity to provide vehicle repair services is available through the company. Currently, the firm provides minimal or no vehicle repair services. Any increase in towing activity will feed into the repair services part of the business. The company has a significant base of service equipment assets to build this profit center.
The company is offered as a business asset purchase including vehicles, inventory, equipment and accounts receivables. Real property is also available. Based on the transaction possibilities, a sale consisting of certain assets can also be considered. The offering price for business assets is Four Hundred Sixteen Thousand Dollars($416,000). Real property also available. Contact for more information on this Towing business for sale.
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