Highly Profitable Recession Resistant Northern Californian Towing And Storage Company - SC2175
Not Disclosed, CA Sacramento County
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- RE: Highly Profitable Recession Resistant Northern Californian Towing And Storage Company - SC2175
- Contact: Brett Sargent
Quick Facts
| Asking Price: | $7,000,000 | |
| Annual Revenue: | $2,600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,500,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,700,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1992 | |
| Employees: | 12 | |
| BBN Listing #: | SB-55017 | |
| Broker Reference #: | SACRACA002-55017 |
Business Overview:
This Northern Californian Towing and Storage Company is a Californian Limited Liability Company that has been in business for the past 32 years under the same ownership. They operate out of one main location with 3 storage facilities and provide full-service towing capabilities. They have 10 tow trucks and operate on a 24x7 basis, including 1 heavy duty wrecker and 1 medium duty wrecker, and 2 light duty wreckers. The remaining 6 are carriers. They provide Law Enforcement towing on a rotation basis. In addition to as needed towing, they do have several contracts in place that provide a steady stream of revenue to meet their towing needs, including a transferable exclusive contract that averages over 10 tows per day. Reputation, longevity, and high-quality equipment differentiate this company from the competition.
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Property Features and Assets:
This business operates out of a 10,000 square foot main location with monthly base rent of $10,000 and no CAM charges. This is a 5-year lease that is assignable. They also have 2 additional staffed storage facilities that range in rent from $3,500 to $3,800 each with varying lease terms that are assignable.
Market Competition and Expansion:
The U.S. roadside assistance market is projected to grow from $5.99 billion in 2022 to $7.73 billion by 2029, at a CAGR of 3.71% during the forecast period. The global towing vehicle market is projected to grow at CAGR of 5.41% during the forecast period, reaching a total market size of $9.2 trillion in 2027 from $6.4 trillion in 2020.
Reason for Selling:
The reason for selling is the Seller would like to pursue other interests.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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