Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $599,900 Down Payment: $120,000
Annual SDC: $250,000
Annual Gross: $471,000
Attributes: Broker-Broker Coop, Training & Support
This is a very highly-respected towing company in business for over 27 years on the San Francisco Peninsula. They handle all types of vehicle towing and for government agencies. They have on-call contracts with the California Highway Patrol and with several municipalities.
As an 'essential service,' the company weathered the economic shutdown of 2020 very well. Even with an extraordinary decrease in vehicle traffic, sales declined by only 18% ... and it was still profitable. Currently business is back up to 2019 levels and more, with 2021 expected to exceed 2019 by a significant amount.
The business is housed in leased premises at rent of about $2,800 per month.
Sales in 2019 were $471,000 with SDE of $241,000, and 2020 sales were $384,000 with SDE of $93,000.
Complete details may be obtained by completing the NDA and speaking with the broker.
The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner and the terms of the transaction.
Price & Transaction. The asking price is $599,900.00 (subject to negotiation, terms, and timing). This price is about 2.5x typical annual SDE, 1.25x gross annual sales. All reasonable offers will be considered.
The business is offered as a sale of all the trucks and other tangible/physical assets of the company, plus the intangible property, including the highly-valuable business name, logo, websites, phone numbers, customer data, etc. It does not include accounts receivable, cash on hand, and facility rent deposits. The seller will be responsible for all accounts payable through the date of closing. The current owner would be open to a training & transition phase to facilitate a smooth transfer to new ownership.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
To get more information about this Towing Company - Respected, Profitable business for sale in
San Francisco Peninsula Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #266903 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Towing Company - Respected, Profitable, to ask any questions or request an appointment to see this
business for sale. Thank you.