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Central Virginia Towing Company For Sale

Central Virginia, Virginia, US
Asking Price:
$2,499,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,516,523 (USD)
Cash Flow:
$797,973 (USD)

This well-established towing company started with 2 used trucks 20 years ago and has grown into one of the largest towing services in the area. With a full fleet of modern vehicles, the Company provides light and medium-duty towing and roadside service for drivers across Central Virginia. All drivers are properly licensed and background checked. Projected sales over $2.5MM in 2019. With a stellar customer reputation, this cash cow is recession proof!

Property Information

Real Estate:

Lease

Premises Details:

Because all drivers take the trucks home with them, the owner is able to keep overhead to a minimum by working from home. The company is able to perform simple preventative maintenance at home, but has other maintenance done by a service shop.

Business Operation

Expansion Potential:

The Company has chosen to limit their focus to high-margin business. However, there is ample opportunity to leverage the scale of the company to service other business including police work, motor clubs, auto dealerships and private parties.

Competition / Market:

There are a number of "mom and pop" towing services in the area, each with 2 or 3 vehicles, but none have the experience and scale of this company. Consequently, the Company is able to be very selective about the jobs it takes on.

Reasons for selling:

The sellers have built a successful business and are ready to pursue other interests.

Trading hours:

Monday-Sunday 24 hrs.

Employees:
15 FT/1 PT
Years established:
20

Other Information

Support & training:

Will train for 2 weeks @ no cost.

The Company provides light-duty towing and roadside service for drivers across Central Virginia. All drivers are required to hold a valid Virginia driver's license and Department of Criminal Justice Service (DCJS) Towing License.

Financing available:

Lender Pre-Screened with $499,800 down.

Furniture / Fixtures value:
$1,018,618 (USD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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