MergerPlace

Profitable Towing Business

Georgia


  • Asking Price: $600,000
  • Gross Income: $944,740
  • Cash Flow: $231,449
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $319,760
  • Listing ID: #199386
  • Established: 1999
  • Employees: 7 FT

Business Description

This full service towing company offers a broad range of services for roadside assistance, commercial towing and private impound service. Since the company started in 1999, it has steadily grown and had strong sales and profits during the recession years. The company’s fleet consists of both wreckers and flatbed tow trucks to meet any towing need. Auctions are held periodically to sell unclaimed impounded vehicles. The company has grown primarily through word-of-mouth referrals due to the company’s reputation for delivering timely response to service calls, quality of service and the professionalism demonstrated by the staff. The customer base includes hundreds of commercial accounts and several are among the Who’s Who of Atlanta businesses. The location is ideal for future growth of the company as it is based in an area of metro Atlanta that will soon experience a significant increase in the need for towing services.


Business Details

Primary Business Category: Services - Other Services
Location: Georgia

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 FT

Financial Information

Asking Price: $600,000
Gross Revenue: $944,740
Cash Flow: $231,449
FF&E: $319,760
Seller Financing Available: Yes

Property Information

Facilities:

Facility is a 6,000 sq. ft. standalone building with offices and seven (7) auto service bays. The lot space allows for the storage of a large inventory of impounded vehicles. The storage area can also be expanded as there is significant additional space available to lease.

Growth & expansion opportunities:

Several opportunities exist to grow the company. The company offers a wide range of services, but additional revenue growth could be achieved by offering more 24x7 services. And, increased advertising and adding sales staff to proactively contact prospects would grow the business.

Competition:

There are several competitors in the Atlanta area, but the company maintains a high rate of customer loyalty and adds new customers as they are second to none in terms of quality of service and services offered. The company always strives to improve service and as part of this effort they have recently invested in a new strategic software solution to better manage and automate all major aspects of the business.

Reason for selling:

Owner is moving to Florida to pursue a new business opportunity.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Greg Younts

Murphy Business Brokers