Family Owned Profitable Towing Business with Real EstateListing: #SV00066
About this Business for sale in Greater San Francisco Bay AreaFamily Owned Profitable Towing Business with Real Estate
Founded in 2005, this profitable and growing towing business has three customer segments 1. Law Enforcement 2. Corporate accounts - tech companies 3. Direct to consumer. They offer towing, storage and road-assistance for their customers. This business generates significant cashflow from its operation primarily because of the contracts they have with various municipalities such as California Highway Patrol and individual police departments.
The barriers to entry is very high for this industry, as there are stringent requirements from the law enforcement. This limits the number of players offering similar services enabling the business to drive demand without significant investment required for new customer acquisition. The potential upside for the business is to expand to new routes and private parking lot opportunities.
This business comes fully equipped with 10 trucks, 3 lifts and all required tools and equipment along with well-trained long term employees. The seller is offering 4 weeks / 40 hrs per week of training for the buyer and more if required. The owners are committed to a successful transition.
Real estate is also included with the business. Estimated value of real estate is $1.75M with additional revenue streams from tenants.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.