This thriving towing and auto repair business, established in 2013, has grown from a single truck in a backyard to a well-equipped facility with a broad service radius of 100 miles. Initially focusing on towing services including scrap metal collection and private tows, the company has expanded its offerings to include comprehensive auto repairs such as engine replacements, transmissions, routine maintenance, and tire services. Strategically located in Grand Forks, ND, the business benefits from a bilingual team, accommodating a diverse clientele, which has fostered a substantial and loyal customer base. The inclusion of advanced equipment like diagnostic computers, and three tow trucks ensures high-quality service delivery across both segments of towing and auto repairs.
- Asking Price:
- $500K - $1M Inventory / Stock included
- Sales Revenue:
- $500K - $1M
- Cash Flow:
- $50K - $100K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The lease is $3000 a month and it is updated yearly.
- Leasehold Rent:
-
$3,000 per annum
- Location:
-
Shop is easily located by customers.
- Premises Details:
-
The shop itself has 2 lifts and one hoist. There is enough space in the shop for 10 cars and we also are able to park our tow trucks inside after hours. There is office space 5 offices, 2 bathrooms, waiting room and parts area. There is plenty of land we use for a storage lot.
Business Operation
- Expansion Potential:
-
By adding 2 more trucks,giving you a fleet and fencing in the storage lot, this would qualify the company to get on the rotation with the police for accident towing and impounding cars for snow removal. Because of the size of the shop there is also the option to hire a diesel mechanic to repair larger trucks.
- Competition / Market:
-
Our biggest competitor is a towing company that has a fleet (5 or more trucks is a fleet). They also do heavy duty towing.
- Trading hours:
-
We are open 8am - 5pm -Monday through Friday. Towing is 24/7
- Employees:
- 6 employees
- Years established:
- We have been in business since 2013
Other Information
- Support & training:
-
We would remain available to train or help the new owner.
- Inventory / Stock value:
- $-1 - included in the asking price
- Distressed:
- This business is a bankruptcy
