NOT DISCLOSED, California
| Asking Price |
$11,000,000 |
Year Established |
2014 |
|
| Annual Revenue |
$11,000,000 |
Reason for Selling |
The reason for selling is the Seller would like to pursue other interests. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
$7,500,000 |
Listing Number |
980679 |
|
| # of Employees |
26 |
Business Category |
Automotive & Boats: Auto Retail - Auto Parts |
|
Business Overview:
This Northern Californian Towing and Storage Company is a Californian Sub-Chapter S Corporation that has been in business for the past 12 years under the leadership of the founder. They operate out of three locations in Northern California (one started in 2023) and offer full 24/7 tow service. They provide high-quality, fast, and efficient private property towing services. They have 13 tow trucks and operate on an around the clock basis, including 1 medium duty wrecker, and the others light duty wreckers. They do not provide Law Enforcement towing on a rotation basis. Many of their clients are property managers, and they have a cloud-based software that allows for reviews of photos and descriptions of all vehicles that have been towed or tagged for violations.
Property Features and Assets:
This business operates out of 3 locations. One location has a 35,000 square foot yard with a 4,000 square foot shop at $12,500 per month and a 5 year lease. The second location has around ½ acre lot and a 2-year lease at $8,300 per month. The third location is on 1.2 acres and has 3 offices and current rent is $12,350 per month and is being renewed into a 5-year lease.
Market Competition and Expansion:
The U.S. roadside assistance market is projected to grow from $5.99 billion in 2022 to $7.73 billion by 2029, at a CAGR of 3.71% during the forecast period. The global towing vehicle market is projected to grow at CAGR of 5.41% during the forecast period, reaching a total market size of $9.2 trillion in 2027 from $6.4 trillion in 2020.
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity