Towing Business- owner retiring after 38 successful years.

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Primary service provider for Motor Clubs with exclusive service territory
Asking Price:
$1,900,000

Gross Revenue:
$1,100,000
Cash Flow:
$473,558
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$650,000
included in asking price

Real Estate:
$700,000
not included in asking price

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Business Description

This well established & lucrative towing business has long term contracts with local municipalities and motor clubs.

Services include: towing, flatbed towing, recovery, impound, jump-start/battery charge, lock-out, vehicle storage, tire changes, fuel delivery, and transport.

PRIME LOCATION - Free standing building in a large lot located on a very busy main street.

Established 38 years ago by the current owner.

Primary service provider for Motor Clubs with exclusive service territory within a 9 mile radius of location. Motor clubs account for the majority of their sales.

Sale includes business and tow trucks.
Property / building are also offered for sale at $700,000

Owner is retiring after 38 successful years in business.

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We are always in search of quality businesses for our buyers. If you're a business owner thinking of selling your business, please email or call us: mike@njbrokerplus.com - 201-745-3976

About the Business

Location:
New Jersey
Year Established:
1979
Real Estate:
Owned
Facilities:
Free standing building in with a large lot located on a busy main street. PRIME LOCATION. Part of the building is leased to an auto repair shop. Bringing auto repair services in house would increase sales.
Market Outlook/
Competition:
This towing & recovery business has exclusive territory within a 9 mile radius of location.
Growth & Expansion:
Adding auto repair services such as tire repair and battery replacement would increase revenue, especially if those services were offered during off hours- weekends & evenings.
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About the Sale

Reason For Selling:
owner retiring after 38 years in business.
Training/Support:
Seller will stay 6 months as "partner" or consultant at new owners discretion. Well trained staff expected to stay on after sale

Listing Info

ID:
1431058
Ad Detail Views:
1179

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Business Listed by

Mike Janis

NJ Brokers Plus LLC.

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