This listing is for a long-established and profitable auto towing business located in the Chicagoland area that is available to a qualified buyer. This successful business offers a buyer a yearly cash flow of over $200,000 and the cash flow has seen consistent growth over the last four years. This minority business enterprise has been an established fixture in their marketplace for over 50 years and they built a terrific reputation with a large base of clientele and municipal accounts over that time period. However, a new buyer does not need to be a minority business enterprise to maintain their contracts. The company has long-term towing contracts with Illinois state police and the City of Chicago police. In addition to this, private towing makes up about 25% of their business and a buyer can add more work to their existing clients and can add IDOT and Chicago Sanitation contracts. Daily storage fees and a limited amount of used auto sales also add to their revenues. Over $500,000 in asset value is to be transferred with the business sale. This includes their real estate which features 1 acre of property, an office building, car storage, used car sales and ten city lots. It also includes their five up-to-date tow trucks, used cars, parts and related equipment. The financials below only represent a part-year (9/30/2021) for 2021 and it has already exceeded 2020’s cash flow figures. If you would like more information about this successful business opportunity, or if you would like to schedule a site visit, please contact the agent either online or by phone. Online inquiries will be replied to with an email from an address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us with 24 hours (weekdays), please contact the agent by phone.
- Asking Price:
- $1,600,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- Cash Flow:
- Real Estate:
Real Property Included
Chicagoland Area. Cook County.
- Premises Details:
2,400 sq ft. building. 600 sq ft. office space. 1 acre of land. Included in the asking price and valued at $185,000
- Size in square feet:
- Expansion Potential:
Add IDOT Contract, Add Chicago Sanitation Contract, AAA Service, Increase Used Auto Sales,
- Reasons for selling:
- Years established:
- Support & training:
Owner will train the buyer for 4 weeks
- Furniture / Fixtures value:
- $1,500 - included in the asking price
- Inventory / Stock value:
- $320,000 - included in the asking price
- This business can be relocated.