Towing, Roadside Assistance, & Auto Storage

Not Disclosed, CA

Northern California

Asking Price: Annual Revenue:
$2,995,000 $2,500,000

Services: Taxi, Limo, & Passenger Transportation

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RE: Towing, Roadside Assistance, & Auto Storage Broker: Tim Cunha
License #: BRE LIC # 01919755

Quick Facts

Asking Price: $2,995,000
Annual Revenue: $2,500,000
Net Profit: $700,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1982
Employees: 18
BBN Listing #: 731039224
Broker Reference #: 6038

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Business Overview:

Profitable over-30-year-old towing business in a northern California Metro Area. Includes all trucks and equipment. On-call contracts with several law enforcement agencies. 18 employees, 10 towing vehicles.

Typical annual sales close to $2,500,000, with typical SDE for the owner-manager of about 1.2x the gross sales. Asking price is $2,995,000, subject to negotiation, terms, and timing. All reasonable offers will be considered.

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Property Features and Assets:

This towing company has been in business for over 30 years in a northern California Metropolitan Area. They handle all types of vehicle towing and roadside and emergency services and, have on-call contracts with several law enforcement agencies. As an 'essential service,' the company remained operating during the economic shutdown of 2020. Even with an extraordinary decrease in vehicle traffic, sales remained relatively strong and the business remained profitable. Current 2021 business is exceeding 2019 levels. Sales in 2019 were $2,450,000 with SDE of approximately $874,000. 2020 sales were $2,130,000 and SDE approximately $710,000. Complete details may be obtained by completing the NDA and speaking with the broker. The business employs a staff of 18 (W-2) including the owner-operator. Included in the sale are ten vehicles and all the ancillary equipment required. The vehicles had an estimated initial acquisition cost of $1.18 million and a current estimated fair market value of $843,000; they will be conveyed to the new owner free and clear of any and all liens.

Market Competition and Expansion:

The business is housed in leased premises at a month-to-month rent of about $2,500. An additional yard is also used and may be continued at the discretion of the new owner. The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner and the terms of the transaction. Price & Transaction. The asking price is $2,995,000 (subject to negotiation, terms, and timing). This price is about 4x typical annual SDE, 1.2x gross annual sales. All reasonable offers will be considered. The business is offered as a sale of all the trucks and other tangible/physical assets of the company, plus the intangible property, including the highly-valuable business name, logo, websites, phone numbers, customer data, etc. It does not include accounts receivable, cash on hand, and facility rent deposits. Inventory of vehicles for sale is not included but may be acquired at a to-be-negotiated price. The seller will be responsible for all accounts payable and payroll through the date of closing. The current owner would be open to a training & transition phase to facilitate a smooth transfer to new ownership. Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.

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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