Towing Company In Richmond, Virginia
Richmond, VA Not Disclosed
Richmond Area
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- RE: Towing Company In Richmond, Virginia
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $1,750,000 | |
| Annual Revenue: | $3,000,000 | |
| Net Profit: | $700,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,000,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 14 | |
| BBN Listing #: | 934689 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Light & Raphael is pleased to offer an established and profitable towing company in Richmond, Virginia.  The towing company does zero advertising. Clients find them on the internet, from auto repair shop recommendations and word of mouth. The real estate is also available for purchase at an additional cost.
Own a well-established towing business with a great history of success and growth. If you enjoy helping people, this business offers a variety of situations where you can help people in need. Whether it is a trucker having a problem or a car stranded on the side of the road. Their customers range from auto owners to companies with fleets of semi-trucks that need help. With more cars on the road and an aging fleet of vehicles, the towing needs grow every day.
The towing company has an extensive fleet of trucks and heavy machinery, coupled with specialty equipment and gear. Â And with multiple revenue streams, this business has a diversified business model to ensure long-term stability and profitability.
Seller will provide support and training following the sale.
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Property Features and Assets:
Seller owns the property and prefers to sell it with the business.Â
Market Competition and Expansion:
The Automobile Towing industry experienced favorable trends for much of the period of 2023. With the economy reopening as of 2021, vehicle usage has bounced back again, indicated by rising rates of vehicle miles and registrations over the same period, which has aided industry revenue. This industry provides essential services for municipalities and businesses to remove vehicles that violate parking ordinances and also provides roadside assistance for automobiles that break down. Revenue is expected to increase 1.5% to $9.5 billion in 2023. Similarly, industry profit, measured as earnings before interest and taxes, is set to account for 9.0% of industry revenue in 2023
Reason for Selling:
Owner wishes to retire
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Virginia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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