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Highly Profitable Northern California Heavy Towing Company - SC2211
Highly Profitable Northern California Heavy Towing Company - SC2211
Financial Information
Asking Price: $4,990,000
Cash Flow: $1,000,000
Gross Revenue: $3,700,000
Down Payment: $4,990,000
This Northern Californian Heavy Towing Company is a Californian Sub-Chapter S Corporation that has been in business for the past 21 years. They operate out of two locations in Central Valley Northern California and offer full 24/7 tow service. They have 15 tow trucks that operate on an around the clock basis. They have multiple heavy tow units, trailers and specialized tow equipment that are part of their fleet. They do provide Law Enforcement towing on a rotation basis. They also provide private towing services for property managers, commercial real estate, etc. They offer fleet towing and fleet towing contracts, commercial truck towing, heavy-duty truck towing and load shifts.
Business Location
City: Central Valley
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 15
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 20
Adjusted EBITDA: $920,000
Inventory Included: Yes
Inventory Value: On request
Monthly Rent: $30,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: On request
Building Size: 12150
FF&E Included?: Yes
FF&E Value: $4,500,000
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.
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.
Real Estate Description
This business operates out of 2 locations. The Seller owns both locations, and they would be available for sale at an incremental price. Rent at both locations combines is $30,000 per month as a NNN lease. One location has a 4,000 square foot building with an 8,000 square foot shop behind. The other location has a 150 square foot small office on site, with a lot of over 57,835 square feet (1.33 acres).
CA 02282967
NV B.1003039.LLC
NV BUSB.0007191
Listed By: Charise Morojo
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Background information
Reference:
SC2211
Year established:
2004
Reason selling:
The reason for selling is the Seller would like to pursue other interests.
Finance
Sales:
$3,700,000
Profits:
$1,000,000
Operations
Employees:
Full-Time Employees: 15 Part-Time Employees: 1 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $4,500,000
Inventory:
Inventory Included: Yes Inventory Value: On request
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $4,500,000
Premises
Facility:
This business operates out of 2 locations. The Seller owns both locations, and they would be available for sale at an incremental price. Rent at both locations combines is $30,000 per month as a NNN lease. One location has a 4,000 square foot building with an 8,000 square foot shop behind. The other location has a 150 square foot small office on site, with a lot of over 57,835 square feet (1.33 acres). This business operates out of 2 locations. The Seller owns both locations, and they would be available for sale at an incremental price. Rent at both locations combines is $30,000 per month as a NNN lease. One location has a 4,000 square foot building with an 8,000 square foot shop behind. The other location has a 150 square foot small office on site, with a lot of over 57,835 square feet (1.33 acres). Real Estate Available: Yes Real Estate Included: No Real Estate Value: On request Building Size: 12150 FF&E Included?: Yes FF&E Value: $4,500,000
Square footage:
12150
Rent and lease terms:
Monthly Rent: $30,000
Location:
Business Location City: Central Valley State: California
Opportunities
Growth:
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.
Market:
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.
Price and terms
Price:
$4,990,000
Down payment:
$4,990,000
Financing:
Seller financing is not available at this time.
Training:
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.