Automotive Business For Sale in Austin Texas

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Established Towing Company

Location:Austin, Texas

Category:Automotive

Asking Price:Undisclosed

  • Sales revenue : Undisclosed
  • Net profit : $86,253 cash flo
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Established Towing Company

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.

Other Information

  • Selling Assets: 3 tow trucks and equip. est. value $100,000
  • Real 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.
  • Years Established: 2006
  • Employees: 2 ft, 1 pt
  • Support Training: 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 For Selling: Family illness
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