Towing Company
The owner has it structured for Cash Buyers; Buyer can assume the mortgages on the vehicles which is in the $600,000 range; then the Buyer pays off the balance in Cash from their funds with no required SBA or Bank financing process. Give me a call and let me introduce you to the Owner with whom you can negotiate a Win Win deal. Currrently has 19 vehicles. This business is called on a rotation basis for accident response via their Police Department Rotation Contracts. Plus they have arrangements with municipalities and companies that feed clients to them. They will handle all callers needing their services for towing vehicles and now getting into container hauling.
Financial Information
- $6,500,000 Asking Price
- $1,015,053 Cash Flow
- $4,319,438 Gross Revenue
- On request Down Payment
- Yes Financing
Business Location
- City: Charleston
- State: South Carolina
Financing Comments
- Negotiable
Reason for Sale
- Retirement
Detailed information
- Year Established: 2017
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 19
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: 50
- Inventory Included: Yes
- Inventory Value: $931,000
- Monthly Rent: N/A
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: $0
- FF&E Included?: Yes
- FF&E Value: N/A
Training/Support
- Negotiable for Successful Transition
Facilities
- Owner has small (350sf building at main site for schedulers office). Owner operates from his own office. HIghly automated using Towbook detailed record keeping.
Market Outlook/Competition
- This is a Gold Mine Recession Proof Business. Whether you want to be the Owner Operator or an Absentee Owner; this is a Superb opportunity to make money. Think about it; they go pickup wrecked vehicles of all types on the Roads and Highways that have been in wrecks, ran off the road in bad weather, vehicle will not start or has a flat tire; they go Tow You to Safety. The demand for these services is Endless and Growing.
Real Estate Description
- Three Leased and Fenced in locations near main roads & highway with capacity to hold at least 150 vehicles. These vehicles are charged a daily fee while waiting to be picked up.
Business Listed by
Cecil Dye
Sunbelt of CharlestonContact Business Broker
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