MergerPlace

Profitable Wrecker

Texas


  • Asking Price: $5,400,000
  • Gross Income: $5,382,031
  • Cash Flow: $829,194
  • Real Estate: $1,200,000
  • Inventory: Not Disclosed
  • FF&E: $244,400
  • Listing ID: #220928
  • Established: 1993
  • Employees: 24 FT / 2 PT

Business Description

The company has a large and diverse fleet of tow trucks, which allows them to offer 24 hr tow truck service and wrecker service heavy duty trucks. This enables them to offer a key value proposition: quick and reliable service anytime and everywhere. In addition to their wrecker service, they also offer truck and trailer repair service. If a customer is in their service area, they can get them back on the road quickly with their roadside service, or they can bring a truck into their truck & trailer repair shop where their dedicated ASE Certified mechanics can quickly diagnose and repair the truck.

The company prides themselves on giving their customers a quick response time and total satisfaction of the tow truck service work. Their experienced professionals are equipped with the newest technology to complete the work and their staff will work with their customers to insure them an affordable appraisal of their insurance reimbursement. In addition to the wrecker and repair services, the company also offers storage services at their secure facility.

The company mission is to provide the highest standard of truck, municipal and private property impound towing and recovery services to customers and to continuously strive for flexibility in servicing their customers' needs in an expedient and cost-efficient manner.


Business Details

Primary Business Category: Services - Other Services
Location: Texas

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 24 FT / 2 PT

Financial Information

Asking Price: $5,400,000
Gross Revenue: $5,382,031
Cash Flow: $829,194
FF&E: $244,400
Real Estate: $1,200,000
Seller Financing Available: No

Property Information

Facilities:

The company operates out of a modern 11,000 s.f. 10-bay facility that is conveniently located on a major highway and easily accessible to customers. The facility is located on 13 acres of land, which allows them the flexibility of future expansion.

Growth & expansion opportunities:

The owners and employees of this company have built a rock-solid foundation for growth, based on world class customer service. This, in turn has made it relatively easy for them to secure new business. A new owner, with new ideas and energy, could capitalize on the momentum created by the current ownership team and leverage the company's reputation to win even more customers over.

Competition:

There is no company in their service area that provides the range of services that this company provides. There are a couple of truck repair companies, but they either don't have the wrecker or roadside repair capabilities that this company possesses.

Reason for selling:

Owners wish to retire and focus on family enterprises unrelated to subject company.

Support & Training:

Will train for 4 weeks @ no cost The services that the company provides are described in the previous section. A new owner would need to possess basic leadership/management, organizational and bookkeeping skills.

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Business Listed By:

Rich Giles

Murphy Business Brokers