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California
Towing And Parking Enforcement Company
Asking Price
$7,980,000
Revenue
$5,000,000
Down
$7,980,000
Cash Flow
$1,500,000
Name: Brett Sargent
Phone: Show phone number
Name
Brett Sargent
Phone
Show phone number
Description
Financial Information
Asking Price: $7,980,000
Cash Flow: $1,500,000
Gross Revenue: $5,000,000
Down Payment: $7,980,000
This Northern Californian Towing and Storage Company is a Californian Sub-Chapter S Corporation that has been in business for the past 10 years under the leadership of the founder. They operate out of four locations in Northern California (one started in 2023 and another in 2024) 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: 23
Part-Time Employees: N/A
Contractors: N/A
Owner Worked Hours/w: 40
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $50,000
Monthly Rent: $12,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 4000
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 years lease. The second location has a 30,000 square foot yard and a modular office and they are paying $7,500 per month and they have a 5-year lease. The third location has around ½ acre lot and a 10,000 square foot shop and has a 2-year lease at $8,300 per month. The fourth location is on 1.2 acres and has 3 offices and current rent is $12,350 per month and is being renewed into a 5-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
Posting Information
Posting ID:
289410
Attributes:
Broker Cooperation
Training And Support
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Posting Title
Towing And Parking Enforcement Company
Posting ID
#289410
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