Ad ID: 1513126
Type: Established business
Included in the Asking Price:
Furniture, Fixtures & Equipment: $856,500
NOT Included in the Asking Price:
Real Estate: $280,000
Cash Flow: $584,081
This established, recession-proof towing company has provided 24-hr recovery and transport services to Northern Nevada for over 40 years. They are the largest tow company in the region and enjoy the best reputation in the industry. They offer a wide array of services to all customers including breakdowns, accidents, lockout service, and jump starts, and also specialize in recovery services including towing, rollovers, winch outs, and multi-vehicle transport. Local and long-distance services are available 24/7, and they are the only tow company in the area that does heavy-duty towing. Over the decades they’ve maintained deep roots in their community and trusting relationships with their customers, and this commitment has led to a substantial amount of repeat and word-of-mouth business. One of the greatest benefits of owning this company is the recurring revenue. Solid relationships with local law enforcement agencies have secured their place on police department rotations. Additionally, they’ve been the exclusive contractor with AAA in their region for over 15 years. Contracts with major motor clubs also provide steady revenue, and they only work for clubs that agree to their professional rates. The company has been family owned and operated since its inception. It is turnkey, with experienced staff in place. A strong, positive online presence and excellent reviews on Google, Yelp, and Facebook attract customers needing to find their tow from the road. Running this business is exciting, challenging, and different every day; it’s also deeply satisfying to be able to help people who find themselves in unexpected breakdown situations. Buyer will take over an impeccably maintained fleet of 8 trucks and numerous support vehicles and easily capitalize on growth opportunities to expand the company if desired. All prospective Buyers will be required to sign an NDA and supply a Personal Financial Statement.
Year Established: 1975
Facilities: A 3-bay, 2400 sf building and an office trailer on 2 acres of land–plenty of space for parking and storage. Sellers prefer to include the property in the sale, but are open to a negotiated rental arrangement. Towing equipment includes 8 tow trucks and numerous support vehicles. All Equipment ($850,000) is included in the sale.
Competition: Launched over 40 years ago, this business has grown into one of the leading towing companies in Northern Nevada. It stands out from its competition through its quick response times and professional, friendly service. With multiple streams of revenue, this company is virtually recession-proof and has maintained a solid financial position for decades.
Growth and Expansion: There are many ways to grow the business. Providing titles to customers via the lien sale process used for abandoned vehicles is an in-demand service this company has had to turn people away from due to time/space constrains, but is a revenue stream ready to be pursued. The company is also in a great position to move into the transport/heavy-haul business. Additional growth opportunities include repossessions, salvage, mobile home moving, long-term storage, and long distance towing.
About the Sale
Financing: All cash or terms acceptable to seller
Reason Selling: Retirement