Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $659,000 Down Payment: $120,000
Annual SDC: $283,000
Annual Gross: $600,000
Attributes: Broker-Broker Coop, Training & Support, Owner Financing
This towing company has been in business for 33 years in San Mateo County. They handle all types of vehicle towing and roadside and emergency services and ,have on-call contracts with several law enforcement agencies.
As an 'essential service,' the company remained operating during the economic shutdown of 2020. Even with an extraordinary decrease in vehicle traffic, sales remained relatively strong and the business remained profitable. Current 2021 business is exceeding 2019 levels.
The business is housed in leased premises at rent of about $2,800 per month.
Sales in 2019 were $598,000 with SDE of $283,000. Final 2020 sales and SDE are being determined.
Equipment includes a 2020 Freightliner M2 flatbed (~20k miles) and a 2015 Dodge Ram 5500 wrecker (~110k miles).
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 $659,000 (subject to negotiation, terms, and timing). This price is about 2.3x typical annual SDE, 1.10x 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.
Exclusive Broker: Tim Cunha, J.D. DRE# 01919755
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, Roadside Assistance Company - Profitable business for sale in
San Francisco Peninsula 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 #269043 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Towing, Roadside Assistance Company - Profitable, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01919755. EvergreenGold Business Broker.