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Business for sale in Texas , Austin
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| Company Details: | Discount Business Brokers USA |
Established Towing company
Financial summary
Sales revenue: Undisclosed
Net profit: 86,253 cash flo
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
Business description
This is a turnkey fully STAFFED and operational company. This towing business is a well-run, profitable business founded in 2006. The current owner, who had no previous experience in the industry bought the business in 2010 and now, has to sell due to a family illness.
The business has multiple towing licenses and police rotation contracts with City of Austin, DPS, Round Rock, Georgetown, Travis county and Williamsons county which gives them an advantage on tows initiated by law enforcement rotations. They maintain two leased tow yards to serve the area. Income is earned from towing, storage and impounds fees, plus unclaimed vehicles are auctioned off after 45 days. Other business comes from numerous accounts with motor clubs, private tows, repos, and storage and property contracts. New owner has great growth potential if creative, savvy, and motivated to expand into currently unexplored areas. This growth is depended upon purchase of additional tow vehicles and hiring of additional drivers.
General Information
Employees: 2 ft, 1 pt
Other Information
Selling Assets: 3 tow trucks and equip. est. value $100,000Real Estate: n/a
Competition: Established business in good standing with local and state law enforcement. Owns multiple licenses for police towing rotations.
Expansion: Motor club business segment could be expanded. More tow trucks could be added.
Support Traning: This is a great entry-level business for a new owner. The seller did not have previous towing business experience when he bought the business. The business is easy to learn and with little risk in the market if you follow the model. Seller will train buyer for 30 business days after closing plus six months telephone support.
Reason Selling: Family illness
| Image | Details | Asking Price | Sales Revenue | Net Profit |
|---|---|---|---|---|
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Established Towing CompanyLocation : Texas : Austin
, North side
Category : Automotive
Turn key business ready to step into |
Undisclosed | Undisclosed | 86,253 cash flo |
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