Business For Sale

Towing Company - PENDING

Not Disclosed, WA
Snohomish County


Asking Price: Annual Revenue:
$675,000 $800,049

Automotive & Boats: Auto & Truck Repair & Service


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RE: Towing Company - PENDING Broker: Aaron Muller

Quick Facts

Asking Price: $675,000
Annual Revenue: $800,049
Net Profit: Not Disclosed
Cash Flow: $222,836
Total Debt: Not Disclosed
FF&E: $470,100
Real Estate: Not Disclosed
Year Established: 1984
Employees: 6
BBN Listing #: 237630494
Broker Reference #: ahmtowing

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Business Overview:

THERE IS A PENDING OFFER ON THIS LISTING. This is a profitable towing company that has been established for 34 years. The company does approximately 650 to 700 tows per month around the greater Puget Sound area. The customer breakdown is approximately 60% dealerships and repair shops, 30% police contracts, and 10% private tows. The staffing consists of one office manager, one driver manager, and four drivers. The owner works 40 hours a week coordinating day-to-day operations, assists in the office if needed, and fills in driving if needed. After running the business for 34 years, the owner is ready to retire. This is an excellent opportunity to take over a well-known towing company and grow it to the next level.

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Property Features and Assets:

The company has 6,000 square feet of indoor storage and 2,500 square feet of outdoor storage. The facility also comes with an office area and upstairs drivers’ room. Rent is $3,300 per month + $1,045 NNN. Business hours are 24 hours 7 days a week. Office hours are 8-5 Mondays through Fridays. Approximately $470,100 worth of equipment comes with the sale, including five tow trucks.

Market Competition and Expansion:

This is a well-known company that has been established for 34 years. The company has an excellent reputation in the community and many long-term clients. The company prides itself in providing excellent customer service, which leads to many repeat business. At retirement age, the owner has not been focused on growing the business. For an example, the company does not have a web site, and has not spent any money on advertising for years. A new owner with fresh energy can focus on marketing and grow the revenues and cash flow to the next level.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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