Roadside Services w/ Auto Repair Division

Not Disclosed, Ontario

Northern Ontario Region

Asking Price: Annual Revenue:
$2,750,000 $2,461,955

Automotive & Boats: Auto & Truck Repair & Service

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RE: Roadside Services w/ Auto Repair Division Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,750,000 20% Buyer Down Payment: $550,000 20% Seller Financing: $550,000 60% Bank Loan: $1,650,000 A 20% down payment of $550,000 returns $270,707 in the first year after debt payments!

Quick Facts

Asking Price: $2,750,000
Annual Revenue: $2,461,955
Net Profit: Not Disclosed
Cash Flow: $839,358
Total Debt: Not Disclosed
FF&E: $535,517
Real Estate: Not Disclosed
Year Established: 1998
Employees: 17
BBN Listing #: 836834398
Broker Reference #: TRN004

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Business Overview:

Generating over $2M in revenue, this Ontario-based business provides towing and recovery services for roadside companies, law enforcement agencies, municipal fleets, public vehicles, emergency vehicles, and local individuals. They also provide expert automotive repairs including brakes, steering, engine diagnostics, and heavy truck repairs. The 17-person team includes 7 full-time drivers, 5 part-time drivers, an office manager, a dispatcher, a part-time bookkeeper, and a payroll clerk. The current owner commissions for towing jobs and handles high-level management functions, he is not doing any of the labor or driving.

This business is well-placed to dominate its market, and growth opportunities include increased marketing and opening a new location to expand market coverage. There is over $500K worth of equipment that would be included in the sale. Based on a four-year average and a 4 multiple, the owner is willing to finance up to 20%.

Most of their revenue comes from long-term contracts with roadside service companies and referrals from local law enforcement agencies. The largest towing customer operates on negotiated three-year contracts and they have been a loyal customer for over 21 years. Their website and word-of-mouth advertising from loyal and long-standing clientele help them obtain new clients on a regular basis.

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Property Features and Assets:

Site 1: 3,280 square feet; Site 2: 1,960 square feet.

Market Competition and Expansion:

Expand business by adding another office.

Reason for Selling:

Pursuing other interests.

Additional Details:

  • The property is leased.
  • The owner is 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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