This is a profitable towing company that has been established for 34 years. The company does approximately 650 to 700 tows per month around the greater Puget Sound area. The customer breakdown is approximately 60% dealerships and repair shops, 30% police contracts, and 10% private tows. The staffing consists of one office manager, one driver manager, and four drivers. The owner works 40 hours a week coordinating day-to-day operations, assists in the office if needed, and fills in driving if needed. After running the business for 34 years, the owner is ready to retire. This is an excellent opportunity to take over a well-known towing company and grow it to the next level.
The company has 6,000 square feet of indoor storage and 2,500 square feet of outdoor storage. The facility also comes with an office area and upstairs drivers’ room. Rent is $3,300 per month + $1,045 NNN. Business hours are 24 hours 7 days a week. Office hours are 8-5 Mondays through Fridays. Approximately $470,100 worth of equipment comes with the sale, including five tow trucks.
Competition / Market Pros & Cons
This is a well-known company that has been established for 34 years. The company has an excellent reputation in the community and many long-term clients. The company prides itself in providing excellent customer service, which leads to many repeat business.
Growth and Expansion Pros & Cons
At retirement age, the owner has not been focused on growing the business. For an example, the company does not have a web site, and has not spent any money on advertising for years. A new owner with fresh energy can focus on marketing and grow the revenues and cash flow to the next level.
Support / Training Available
Seller is willing to train. Details negotiable.
Reason for Selling
Seller Will Provide?
Cash at closing. Broker can assist Buyer with obtaining bank financing.