Profitable Michigan Towing and Recovery Business

Not Disclosed, MI

Northern Michigan


Asking Price: Annual Revenue:
$2,350,000 Not Disclosed

Automotive & Boats: Auto & Truck Repair & Service


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RE: Profitable Michigan Towing and Recovery Business Broker: Rob Anderson
License #: 6501395367

Quick Facts

Asking Price: $2,350,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 12
BBN Listing #: 891560403
Broker Reference #: 2015-16

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Business Overview:

Business Description
This successful towing and recovery company has provided affordable professional car and heavy-duty truck towing and recovery services since 1992. They utilize a large fleet of flatbed and heavy-duty tow trucks operated by a team of experienced professionals, all controlled by a 24-hour dispatch center.

The company serves a large coverage area in Michigan including significant stretches of interstate, US and state highways throughout the region. They enjoy a strong local reputation among area residents, auto shops, and law enforcement departments and are the top ranked service provider in their area for AAA and Agero motor clubs. Specialties include heavy duty towing and recovery for semi-trucks as well as difficult off-road and ice recoveries. They also provide local and long-distance towing, lockouts, jumpstarts, tire changes, winching, and delivery of fuel and air.

The owner works part-time and is ready to retire. He’s developed a self-directed leadership team that manages most day-to-day activities.

Opportunity Details

Year Established: 1992
2019 Gross Revenue: $1,375,000
2019 SDE: $400,000
Asset Value: $950,000
Employees: 13 full and part-time employees.
Facilities: Multiple locations in very good condition

Investment Highlights
· Large powerful towing fleet
· Multiple facilities located in prime locations
· Strong market position
· Excellent cash flow

Growth & Expansion:
· Extend to neighboring territories
· Increase marketing
· Expand partnerships with insurance providers and others
· Grow through acquisition to leverage assets

Support & Training: Owner is willing to provide support and transition assistance
Reason for Selling: Retirement

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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