Towing And Repair Business For Sale
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $800000
Net Profit / Cash Flow $397220
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Description Cash Flow - Location - Guaranteed recession proof revenue. Established automotive repair, towing, and recovery w/ AAA affiliation
This business deals with local law enforcement agencies, a few small motor clubs and AAA, a national automotive motor club program that provides the business with work 24/7/365. It took many years and many favors to get to the primary position with AAA and really its about being in the right place at the right time to make this affiliation even more difficult to get into. So you have no worries about competition or someone stepping on your (tows). This is as close to a guarantee as you can humanly come to in the business world. This business makes you money while you sleep, no joke. One of the largest service contractors in SJersey with the potential for 30-40% of towing customers converted to automotive repairs, which is more guaranteed revenues with very little need for further advertising or waiting for the customer to come to you. The business currently employs 11 full time and 5 part time employees, not including the! owner. The owner currently practices an absentee management style and has no previous automotive experience. With the right investor this business can expand into automotive body repair, repression, state police contracts and auto sales. The business is located on a /- 6 acre lot with a storage yard, small home (fully refurbished in 2009, with potential for $1,100/month rent income), 6 tow trucks and a light service/battery delivery sprinter van, and a shop with two lifts, office, employee lounge, additional back bay, and down draft spray booth. During the summer the shore traffic is a huge boost of revenues and usually doubles the monthly average gross income. The business is currently fully operational and requires nothing to continue further revenues or expansion, but a good manager. Take full advantage of what this sale has to offer. Requires very little to create a fast ROI!
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