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SOLD – Towing Service

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Eastern Iowa

tow

$4,500,000

Sold

Listing# :

17770

Cash Flow :

$811,474

Gross Revenue :

$2,920,804

Rent :

$8500

Status :

Sold

Discretionary Earnings :

$4,500,000

Business Type

The equipment is up to date with several new vehicles recently added to the fleet. The successful buyer will be given an equipment list with all assets that will be transferred in the sale. The successful buyer will have knowledge of towing of all types of vehicles and trucks. The business is operated Monday through Friday from 7am to 5pm. However, they are on call for emergency tows 24-7.

Business Description

This 40+ year old towing company has provided recovery and towing in Iowa and surrounding states. The company specializes in towing and recovery of large and small Trucks/Semi’s along with autos. Because of the great service provided by the company sales have grown year over year, the company has been rewarded with contracts for towing and recovery.

Detailed Information

FF&E:

$3,173,841

Lease Expiration:

5 yr

Employees:

Yes

Facilities:

The facilities are a commercial building with an impound lot. There is plenty of room in the building for all the trucks and equipment for the company. Building are well equipped to be able to do light service on the equipment.

Competition:

The competition has not gotten a foothold in the sellers area because of the reputation and great service of the company. There are several competitors fighting in an area of towing the seller chooses to stay out of.

Growth & Expansion:

The seller has chosen to stay out of certain towing. The seller has the equipment and talent on staff to preform this service. With the addition of this service sales should grow.

Support & Training:

Yes

Reason for Selling:

Owner is retiring from the towing business.

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