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California
Towing And Parking Enforcement Company
Asking Price
$12,000,000
Revenue
$12,000,000
Down
$12,000,000
Cash Flow
$7,500,000
Description
Financial Information
$12,000,000 Asking Price
$7,500,000 Cash Flow
$12,000,000 Gross Revenue
$12,000,000 Down Payment
On request Adjusted EBITDA
This Northern Californian Towing and Storage Company is a Californian Sub-Chapter S Corporation that has been in business for the past 12 years under the leadership of the founder. They operate out of three locations in Northern California (one started in 2023) and offer full 24/7 tow service. They provide high-quality, fast, and efficient private property towing services. They have 13 tow trucks and operate on an around the clock basis, including 1 medium duty wrecker, and the others light duty wreckers. They do not provide Law Enforcement towing on a rotation basis. Many of their clients are property managers, and they have a cloud-based software that allows for reviews of photos and descriptions of all vehicles that have been towed or tagged for violations.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 26
Part-Time Employees: N/A
Contractors: N/A
Owner Worked Hours/w: 40
Inventory Included: Yes
Inventory Value: $50,000
Monthly Rent: $46,600
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 155,000
FF&E Included?: Yes
FF&E Value: $850,000
Training/Support
The Seller is willing to train the new Owner for up to 4 weeks at 30 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.
Facilities
This business operates out of 4 locations. One location has a 35,000 square foot yard with a 4,000 square foot shop at $12,500 per month and a 5 year lease. The second location has around ½ acre lot and a modular office and they are paying $7,500 per month and they have a five year lease. The third location is on 1.2 acres and has 3 offices and current rent is $18,600 per month and is being renewed into a 5-year lease. The fourth location has a 25,000 square foot yard and 11,000 square foot warehouse with an office, and monthly rent is $8,000 per month and they are on a 3 year lease.
Market Outlook/Competition
The U.S. roadside assistance market is projected to grow from $5.99 billion in 2022 to $7.73 billion by 2029, at a CAGR of 3.71% during the forecast period. The global towing vehicle market is projected to grow at CAGR of 5.41% during the forecast period, reaching a total market size of $9.2 trillion in 2027 from $6.4 trillion in 2020.
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Business Details
Year Established:
2014
Employees:
23
FE&E:
$850,000
Support & Training:
The reason for selling is the Seller would like to pursue other interests.
Property Information
Size in Square Feet:
4,000 sqft
Lease Terms:
Monthly Rent: $12,500
Lease & Tenant Information
Lease Options:
$12,500
Posting Information
Posting ID:
289410
Business Category:
Service, Automotive & Vehicle, Maintenance
Business Types:
Towing Service, Auto Towing
Parking Lot Service
Keywords:
california
towing
parking
enforcement
Attributes:
Broker Cooperation
Financial Assistance
Training And Support
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Posting Title
Towing And Parking Enforcement Company
Posting ID
#289410
Full Name (Required)
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Agent, Broker or Seller Contact
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