The Company provides roadside towing and wrecker services, tire repair, and auto and truck repair services from two locations along heavily traveled OTR corridors. Services include heavy-, medium-, and light-duty towing, mechanic services and repairs, tire repairs, and recovery services. Management estimates the fair market value of its wreckers and other equipment to be approximately $1.67 million.
INVESTMENT APPEAL
• Superior Name and Reputation: The Company enjoys a long-standing (30+ year) reputation for quality service and superior customer support and is well known for its expertise and dependability.
• Diversified Service Offering: By offering a variety of parts, repair, towing and transportation services, the Company ensures it will not be harmed by economic cycles that may impact upstream and downstream markets.
• Quick Payment Collections: The Company collects payment at the time of the sale or when the service is provided for nearly all services.
• Recession-Resistant Industry: Demand for auto repair services is inelastic and counter-cyclical, meaning that it is relatively immune to economic pressures and demand often increases in poor economic times when fewer new vehicles are purchased.
• Aging US Vehicle Fleet: The rising age of US vehicles may create more demand for towing services due to older vehicles breaking down.
