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RECESSION RESISTANT CALIFORNIAN TOWING AND TRANSPORT COMPANY - SC2146
RECESSION RESISTANT CALIFORNIAN TOWING AND TRANSPORT COMPANY - SC2146
Financial Information
- Asking Price: $3,870,000
- Cash Flow: $1,000,000
- Gross Revenue: $2,500,000
- Down Payment: $3,870,000
- Seller Financing: No
- FF&E Value: $1,100,000
- Inventory Value: $100,000
- SBA Prequalified: Yes
- Adjusted EBITDA: $825,000
Business Location
- California
Business Description
This Californian Towing and Transport Company is a California Corporation that has been in business for the past 30 years. They operate out of two locations with storage yards and provide full-service towing capabilities. They have 10 tow trucks and operate on a 24x7 basis. They provide Law Enforcement towing on a rotation basis. In addition to as needed towing, they do have several contracts in place that provide a steady stream of revenue to meet their towing needs. Reputation, longevity, and high-quality equipment differentiate this company from the competition. Pride in ownership, customer loyalty and dedication to principles are guiding values for this business.
Growth can be obtained by increasing the vehicle fleet as well as developing a stronger social media presence in addition to increasing spending on SEO and other digital marketing. A new owner could get into big rig towing and big rig recovery with the purchase of additional equipment, therefore expanding their involvement into California Highway Patrol (CHP) rotation for big rig wrecks. They could also expand more geographical locations beyond the two locations they currently occupy.
Training/Support
- The Sellers are 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 State Description
- Business operates out of 2 locations that each have a yard. One location is owned by the Sellers, and is not part of the purchase price, but may be available on appropriately negotiated terms.
Detailed information
- Year Established: 1995
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: Yes
- Full-Time Employees: 16
- Part-Time Employees: 3
- Contractors: N/A
- Owner Worked Hours/w:30
- Adjusted EBITDA:$825,000
- Inventory Included: Yes
- Inventory Value: $100,000
- Monthly Rent: On request
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: On request
- Building Size: 7300
- FF&E Included?: Yes
- FF&E Value: $1,100,000
CA 02100708
NV 1003039
Listed By: Adriana Sargent
Background information
Reference:
SC2146
Year established:
1995
Reason selling:
The reason for selling is the Seller would like to pursue other interests.
Finance
Sales:
$2,500,000
Profits:
$690,669
Profit type:
EBITDA
Operations
Employees:
Full-Time Employees: 16 Part-Time Employees: 3 Contractors: N/A Owner Worked Hours/w:30
Equipment:
FF&E Included?: Yes FF&E Value: $1,100,000
Inventory:
Inventory Included: Yes Inventory Value: $100,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $1,100,000
Premises
Facility:
Business operates out of 2 locations that each have a yard. One location is owned by the Sellers, and is not part of the purchase price, but may be available on appropriately negotiated terms.
Square footage:
7300
Rent and lease terms:
Monthly Rent: On request Real Estate Available: Yes Real Estate Included: No Real Estate Value: On request Building Size: 7300
Location:
California
Opportunities
Growth:
Growth can be obtained by increasing the vehicle fleet as well as developing a stronger social media presence in addition to increasing spending on SEO and other digital marketing. A new owner could get into big rig towing and big rig recovery with the purchase of additional equipment, therefore expanding their involvement into California Highway Patrol (CHP) rotation for big rig wrecks. They could also expand more geographical locations beyond the two locations they currently occupy.
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:
$3,870,000
Down payment:
$3,870,000
Financing:
Seller financing is not available at this time.
Training:
The Sellers are 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.