Established SE North Carolina Heavy Duty Towing Company for sale

Financial Information

  • Asking Price: $5,000,000
  • Gross Revenue: $6,018,788
  • Cash Flow: $1,236,440
  • Down Payment: ON REQUEST
  • FF&E (Included): $143,681
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Southeast North Carolina
  • North Carolina
Primary Business Category: Support Activities for Road Transportation

24-year experienced, 2-partner business specializing in small and large vehicle towing, lock out services, small repairs, and tire replacement. Current owner is interested in retiring with 30% owner exiting in 1-2 years. Solid reputation with ongoing county city and state contracts in place. Brand recognition is paramount, so they do not do repossessions or parking lot predatory tows. In-house shop for most repairs and maintenance. Growth opportunity: plans drafted to secure additional space in the I-95 corridor for highway assistance. For additional information please contact Shanon Madrid at 919-858-6859 Ext 101 or [email protected]


Competition Description

Very few provide the Heavy-Duty experienced towing that they .


Growth / Expansion overview

Looking to secure additional lots along main highways. You can do predatory towing, at present they choose not to.


Support / Training Comments

Operational manager will continue for 1-2 years.


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1998
  • Franchise: No
  • Year Acquired: 1998
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business Drivers

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday- Sunday
  • Hours Open: 24 hours
  • Fulltime Employees: 28
  • Part time Employees: N/A
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 7,200 sq ft
  • Parking: Secured lots
  • Monthly Rent: $14,300
  • Lease Expires: 01/01/2026
  • Lease Miscellaneous: lease includes 2 office and 2 lots
  • Transaction Type: Buyout or Acquisition
  • Investment Type: Equity
  • Transaction Fee: Paid by Seller

Contact Business Broker

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Business Listed by

Sunbelt Durham

Contact: Shanon Madrid
Office Phone: 919-624-9275
Mobile Phone: 919-624-9275
Listing ID: DURHANC001-N102

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