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Quick Facts
Asking Price: | $3,500,000 | |
Annual Revenue: | $633,358 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $183,358 | |
Total Debt: | Not Disclosed | |
FF&E: | $570,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2012 | |
Employees: | 14 | |
BBN Listing #: | 47763924 | |
Broker Reference #: | 022822-950316 |
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Business Overview:
Commercial Towing, Salvage and Auto Repair Business with real estate.
Full service commercial towing, repair and salvage car sales business serving the Greater Cleveland, North Central Ohio area. Conveniently located in the heart of Cuyahoga County close to major highways and the turnpike, this business has a nice diversification of revenues driving solid and consistent financial performance. An active commercial towing business with existing municipal and fleet contracts is complimented with a busy collision center, and salvage car resale business. Real property includes two parcels of land combined total 2.84 acres with two commercial class 'C' storage and transit warehouse buildings - 18,2000 square feet combined.
Established in 2012, this regional towing, repair and salvage auto sales company services the Greater Cleveland, North Central Ohio area. Business provides contractual towing and repair services for both municipal and private companies.
Top 3 revenue drivers include towing: 48%, Scrap Car Sales - 20.1% and General Automotive Repair - 11.3%. A collision Center was opened in response to increasing demand for paint and auto body services and to capitalize on new business opportunities as a preferred vendor for insurance companies.
Conveniently located in the heart of Cuyahoga County near major highways and the turnpike.
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Reason for Selling:
Retirement
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