Profitable Michigan Towing and Recovery Business For Sale!

Undisclosed Address, Michigan
Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30725447
Property Subtypes: Auto Related
Status: Pending
Building Size (RSF): See Agent
Sale Price: $1,595,000
Year Business Established: 1992
Gross Revenue: $1,375,000 (Annual)
Cash Flow: $400,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 11/29/2021

Overview / Comments

Business Description

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.

Opportunity Details

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

Investment Highlights
· 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

Additional Details

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

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031
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