Catylist ID: #30725447
Profitable Michigan Towing and Recovery Business For Sale!
Undisclosed Address, Michigan
Business Opportunity for Sale
|Catylist Listing ID:||30725447|
|Property Subtypes:||Auto Related|
|Building Size (RSF):||See Agent|
|Year Business Established:||1992|
|Gross Revenue:||$1,375,000 (Annual)|
|Cash Flow:||$400,000 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
Overview / Comments
This successful towing and recovery company has provided affordable professional car and heavy-duty truck towing and recovery services since 1992. They utilize a large fleet of flatbed and heavy-duty tow trucks operated by a team of experienced professionals, all controlled by a 24-hour dispatch center.
The company serves a large coverage area in Michigan including significant stretches of interstate, US, and state highways throughout the region. They enjoy a strong local reputation among area residents, auto shops, and law enforcement departments and are the top-ranked service provider in their area for AAA and Agero motor clubs. Specialties include heavy-duty towing and recovery for semi-trucks as well as difficult off-road and ice recoveries. They also provide local and long-distance towing, lockouts, jumpstarts, tire changes, winching, and delivery of fuel and air.
The owner works part-time and is ready to retire. He’s developed a self-directed leadership team that manages most day-to-day activities.
Year Established: 1992
2019 Gross Revenue: $1,375,000
2019 SDE: $400,000
Asset Value: $950,000
Employees: 13 full and part-time employees.
Facilities: Multiple locations in very good condition
· Large powerful towing fleet
· Multiple facilities located in prime locations
· Strong market position
· Excellent cash flow
Growth & Expansion:
· Extend to neighboring territories
· Increase marketing
· Expand partnerships with insurance providers and others
· Grow through acquisition to leverage assets
Support & Training: Owner is willing to provide support and transition assistance
Reason for Selling: Retirement
|Industry Segment:||Other Auto Related|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$500,000|
Rob AndersonEquity Group of Michigan LLC CARWM Member
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