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Sunbelt of Durham

Profitable Large Towing Company In Central North Carolina For Sale

Central North Carolina, North Carolina, US
Asking Price:
$6,800,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,963,053
Cash Flow:
$1,500,000

Since 1995, this Heavy Towing company has had superior customer service with competitive prices in mind serving most of North Carolina. Services provided include gas, tire and fuel replacement; lock-out service, jumpstart for all makes and models of vehicles and motorcycles. Additionally, they can provide towing and roadside service to all commercial & RV type vehicles.

They do not do any predatory towing however they do provide breakdown or abandonment removal. This Company predominately works by request, and is under contract with several city, state and county fire, police, and sheriff departments. They also provide services for all state Department of Transportation vehicles of all types. This reputation makes them the go-to service provider for removal of large assets along the I-95, I-40, I-85 corridor covering 3 states with their $6.325 inventory of the highest quality trucks. Their service records are impeccable with the maintenance provided by Penske corporation.

Their long-term relationship and professionalism are why they have the highest standard and professional services and that is also why their employees have 18+ year employment history. They meet and exceed all services and relationship expectations and are highly regarded in the industry as a leader in service.
The Provide excellent pay and benefits package for their existing 13 employees. Consistent topline revenue is high $3M with $1,5M average profitability. If you would like more information on this excellent business, please contact Shanon Madrid

Facilities:
Business is situated on 3 separate secured lots that houses 27 Trucks and abandoned vehicles.

Real Estate Available: Yes
Real Estate Included: No
Real Estate Description:
Lot 1- 2 acres secured with 1500 sq ft facility
Lot 2- 2 acres secured
Lot 3- 1 acre secured

Detailed Information:
Lender Prequalified: Yes
SBA Prequalified: Yes
Rent: $10,500.00
Owner worked hours per week: 30
Market Competition: There are several smaller towing facilities in the area however there are only 3 of this size outside of a 20 miles radius that provides the caliber of towing to support local, state and federal towing requirements.

Property Information

Size in square feet:
1,500

Business Operation

Reasons for selling:

Retirement.

Employees:
Full Time: 13
Years established:
29

Other Information

Support & training:

Seller will provide 2 weeks for training for the Buyer. Son who wishes to remain in place will provide on-going support.

Financing available:

Financing is available

Furniture / Fixtures value:
$30,000 - included in the asking price
Inventory / Stock value:
$6,300,000 - included in the asking price