Business For Sale

Towing Company

Not Disclosed, CA
Los Angeles County

Los Angeles County


Asking Price: Annual Revenue:
$500,000 $800,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Towing Company Broker: Andre

Quick Facts

Asking Price: $500,000
Annual Revenue: $800,000
Net Profit: $150,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 599949686
Broker Reference #: 2907

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Business Overview:

Towing Company that services Orange County and surrounding area… The company has a major contract with an Insurance Carrier to handle their towing policies. They have a total of 7 trucks which includes a brand new towing truck for medium services (bob-tail) & 5 flat bed trucks. The tucks are currently under loan payments and will be paid off through pay-off dates during the next 48 months. They offer a wide range of towing services from local to long distance towing. The Buyer has acquired a storage yard that has just been brought up to City Code for extended possession of vehicles brought in from Freeway accidents or breakdowns.The fee is $195.00 pick up for initial transfer and $50.00 per day thereafter. Both of these assets should be in place within the next two months. They are compensated twice a month by the Insurance Carriers. The final asset is their ability to do Overflow Towing jobs for Insurance Carriers Towing Services; that do not have sufficient towing trucks. This is a huge source of monthly income.

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Market Competition and Expansion:

They have the entitlements in place to receive a contract from the Highway Patrol.

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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