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NORTHERN CALIFORNIA TOWING SERVICE COMPANY - SC2134

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Automotive Businesses for Sale

This Northern California Towing Service Company is a California C-Corporation that has been in business for the past 65 years and under current ownership for the last 37 years. They cover a geographical area of 5,000 square miles, and have 11 tow trucks, 1 service truck and 1 big rig. They have a Tow Service Agreement with California Highway Patrol (CHP), as well as agreement with several insurance companies, including a few major carriers such as AAA. They also participate in the abandoned vehicle abatement program.

This business generates slightly over $2M in revenue each year, with Seller Discretionary Earnings ranging from $200,000 to almost $600,000. There is a cash part of the business involving lien sales that generates a significant amount of revenue monthly. At any given time, there are approximately 75 vehicles on the lot being stored at a rate of $70 a day.

Financial Information

  • $1,650,000 Asking Price
  • $208,343 Cash Flow
  • $2,045,153 Gross Revenue
  • $1,650,000 Down Payment

Business Location

  • City: Northern California
  • State: California

Reason for Sale

  • The reason for selling is the Seller would like to pursue other interests.

Detailed information

  • Year Established: 1958
  • Home Based: No
  • Franchise: No
  • Relocatable: Yes
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 15
  • Part-Time Employees: 1
  • Contractors: N/A
  • Owner Worked Hours/w: 30
  • Adjusted EBITDA: $184,098
  • Inventory Included: No
  • Inventory Value: N/A
  • Monthly Rent: $6,000
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $250,000
  • Building Size: 2500
  • FF&E Included?: Yes
  • FF&E Value: $1,250,000

Training/Support

  • The Seller is willing to train the new Owner for up to 4 weeks at 30 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.

Market Outlook/Competition

  • The U.S. roadside assistance market is projected to grow from $5.99 billion in 2022 to $7.73 billion by 2029, at a CAGR of 3.71% during the forecast period. Growth can be obtained by increasing the vehicle fleet as well as developing a website and getting into digital marketing. This business currently does not have a website. Growth can also be obtained by getting into big rig recovery and getting into the CHP rotation for big rig wrecks.

Real State Description

  • There is an adjacent 1-acre lot that would be available for sale for an additional $250,000. This property is zoned for commercial / light industrial.
Business Listed by
image of Brett Sargent
Brett Sargent
Sunbelt of Sacramento
Email Brett
Show Phone Number
Listing ID
SACRACA002-53102

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