Business For Sale

Business Overview:

After five decades of service in the Central Arkansas market, this very well established towing company is ready for a change of ownership. Many agreements and contracts are in place with state and local police, city governments, and a variety of businesses throughout the area, all of which rely heavily on the services provided by this wrecker company. The company has four full time drivers as well as two managers / dispatchers. The owner, who needs to retire due to health concerns, works part time in the business and will stay on to train a new owner. The wreckers and company vehicles included in the price are valued at $495,000, fair market value. The company also has over 300 signs in the market though relationships with apartment complexes, etc. Revenue is generated in a variety of ways, including towing, clean up, storage, and resale of acquired vehicles through a quarterly auction - often yielding 100% profit from the sale of over 50 vehicles, typically paid in cash. Revenue was up significantly in 2011 over 2010,and the owner has reduced the price in order to prompt a quick sale. Additionally, the seller will provide 30% owner financing to a qualified buyer.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

The sale includes use of a portable building set up and currently used for dispatching. There is a impound lot also on the one acre facility, and a separate building that may be partially used by the new owner. A lease is offered to the buyer of this business at $500 per month.

Market Competition and Expansion:

The owner knows many ways to increase revenue, including the addition of travel clubs and an outside sales effort in the market.

Reason for Selling:

Health concerns, retirement

Additional Details: