Established in a rural Central Coast community for over forty years, this family-owned towing
company has contracts with multiple law enforcement agencies and the State of California through the Freeway Service Patrol program. They also have a current contract with AAA. It has a fleet of ten vehicles, two of which are dedicated to the Freeway Service Patrol. The business has an underutilized body shop with a permitted paint booth and a Chief frame-pulling machine with all the accessories. It has a very favorable lease with a fixed rent of only $3,000 a month. The sellers are selling the towing company to be able to concentrate on their other family business.
- Asking Price:
- $749,000 Inventory / Stock included
- Sales Revenue:
- $1,547,469
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Fixed lease with no NNN charges
- Leasehold Rent:
-
$36,000 per annum
- Location:
-
The business is in a rural Central Coast community.
- Premises Details:
-
The towing company is operating is located on a 9,500 sq. ft. lot with a 5,000 sq. ft. building. The rent is fixed at a very reasonable $3,000 a month with no NNN charges. There is a right of first refusal to buy the real estate.
- Size in square feet:
- 9,500 sq.ft. lot; 5,000 sq. ft. building
Business Operation
- Expansion Potential:
-
The underutilized body shop could work on the damaged cars the trucks bring in.
- Competition / Market:
-
Little competition in its market area.
- Reasons for selling:
-
The owners want to concentrate on their other family business.
- Employees:
- 13
- Years established:
- 1980
Other Information
- Support & training:
-
As needed.
- Inventory / Stock value:
- $10,000 - included in the asking price
