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
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