Long Established Towing Company with a Body Shop
California
| Asking Price: | $719,000 |
| Gross Revenue: | $1,547,469 |
| Rent: | $3,000/Month |
| Cash Flow: | $111,055 |
| Inventory: | $10,000 |
| Established Year: | 1980 |
Listing ID: 2253057Listing provided by BizBuySell
BUSINESS DESCRIPTION
Established for forty years -- Great lease
Established in a rural Central Coast community for over forty years, this family-owned towing company has contracts with multiple law enforcement agencies and the State of California through the Freeway Service Patrol program. They also have a current contract with AAA. It has a fleet of ten vehicles, two of which are dedicated to the Freeway Service Patrol. The business has an underutilized body shop with a permitted paint booth and a Chief frame-pulling machine with all the accessories. It has a very favorable lease with a fixed rent of only $3,000 a month. The sellers are selling the towing company to be able to concentrate on their other family business.
DETAILED INFORMATION
Location
California
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
31/08/2026
Employees
13
Facilities
The business occupies a 5,000 sq. ft. building on a 9,500 sq. ft. lot. The rent is a very reasonable $3,000 a month with no NNN. The lease has a right of first refusal to buy the real estate. The assets include ten trucks, a Chief frame pulling machine and a paint booth.
Growth & Expansion
Currently he body shop is only used for cars of local residents in the community. Working on the damaged cars that are towed in would increase revenue..
Support & Training
Seller will provide training as needed.
Reason for Selling
The owner wants to concentrate on the other family business.
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