Long Standing, Profitable Towing Service

Not Disclosed, TX
Collin County

Asking Price: Annual Revenue:
$700,000 $812,014

Automotive & Boats: Auto & Truck Repair & Service

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RE: Long Standing, Profitable Towing Service Broker: Thomas Foster

Quick Facts

Asking Price: $700,000
Annual Revenue: $812,014
Net Profit: Not Disclosed
Cash Flow: $110,972
Total Debt: Not Disclosed
FF&E: $873,382
Real Estate: Not Disclosed
Year Established: 2007
Employees: 12
BBN Listing #: 75464955
Broker Reference #: 6001-16370

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Business Overview:

This towing and roadside services business located in Collin County and was started by the owner in 2007. They have built a sterling reputation for quality of service, timely response and helping customers have a better day! While towing is their main service, they also provide lockout assistance, deliver gas jumpstart batteries, have winchout services, and can transport equipment to a designated location.

The business has 9 full time employees with 6 drivers and 4 dispatchers (one part time). Daily service calls range from 40-70 calls per day. The daily call volume is provided from a strong referral base built over 14 years of ownership. They have over $750,000 in listed vehicles, electronics and equipment which are in excellent, maintained condition.

The buyer for this business should have prior/current towing experience and will be purchasing a debt free business that is positioned to grow in future years with the development of North Texas communities.

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Property Features and Assets:

The business is currently located in a leased commercial space in Collin County that houses the office, dispatchers and service facility for the vehicles. A new owner would have the option of starting a new lease in the current location or relocating to an adjacent area that services the customer calls. Assets = $873,382

Market Competition and Expansion:

The US motor vehicle towing industry includes about 9,200 businesses (both single location and multi-location companies) that combine for annual revenue of about 7 billion. There is very little concentration in the industry, as the top 50 companies combine for about 10% of the revenue. Small companies can compete very well against larger multi-location businesses. Companies tend to be located in states with high populations and vehicle registrations such as Texas, California, New York and Florida. Competition in North Texas reflect the national industry makeup. The difference between successful companies and others is driven by time efficiency, quality of service and services offered. A new buyer will be able to expand marketing to reach new customers, invest in equipment, labor and vehicles to expand daily service call operations.

Reason for Selling:

Owner wants to retire.

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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