Established Towing Company with Multiple locations

Not Disclosed, TX
Travis County

Multiple locations in Austin Area


Asking Price: Annual Revenue:
$1,750,000 $1,941,220

Services: Transportation - Trucking, Rail, Transit


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RE: Established Towing Company with Multiple locations Broker: Sunil Z. Verma
License #: 616099
Owner Financing is Available!
Up to 50% for qualified and experienced buyer.

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $1,941,220
Net Profit: $414,573
Cash Flow: $475,034
Total Debt: Not Disclosed
FF&E: $800,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 10
BBN Listing #: 859244926
Broker Reference #: 21395

Email or Print Listing

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Business Overview:

Established since 1998, this towing business is looking for a new owner as the current one wants to retire.
Consistent year after year sales and being in rotation with all cities and counties in the Austin Metro area, this company has 3 heavy duty and 8 light duty wreckers capable to handle business.
To cover the jurisdictions, the Seller will lease two locations for approximately $4,000/month.
Seller states that besides being on rotation, the business generates approximately $20,000/month of sales from auto parts, scrap and auto sales of abandoned vehicles. The business is licensed by the TDLR for towing and vehicle storage.
The current owner has worked hard to establish the business, but there is room for improvement as a new sophisticated operator can work smart with technology and take the business to the next level.
The business will not likely qualify for pre-sale SBA but the Seller is willing to finance 50% to the right 'qualified, experienced' candidate who can get a SBA loan to refinance the assets after the transaction.
Please note: As per Seller, all prospective buyers will be required to provide a 'financial statement' to demonstrate capability to procure the business. Experienced operators and existing towing companies looking to expand will be the ideal candidates for this business. No search fund buyers.

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Property Features and Assets:

Business has multiple locations to cover different locations. Seller will lease two properties for approximately $4,000/month.

Market Competition and Expansion:

Steady and stable business. Room to improve by using technology.

Reason for Selling:

Retirement

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.

Relevant Links:

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