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Auto Towing

  • Status: Available
  • Price: $2,800,000

Manjot Gill

License No:
BRE #01771534
Email:
manjot@lbaweb.com
Office:
925-361-5429
Mobile:
408-242-9137
  • Listing No: 3872
  • Status: Available
  • Area: San Joaquin
  • Price: $2,800,000

Description

Very successful Auto Towing business for sale in San Joaquin County. The Seller has been in business for more than 10 years and the company is a preferred and approved vendor for major insurance companies, local law enforcement agencies and a major automaker. This is a 24-hour business. The building is 5,000 sq.ft. and the lot is more than 1.25 acres for storing towed vehicles. Company has a total of 15 trucks. Seller claims: 2019 Revenue was over $2,400,000 and in 2020 Revenue was over $2,000,000 and the yearly cash flow is over $750,000. There are 16 Trucks (15 flatbed Trucks and 1 Recovery Truck) out of which 9 are owned free and clear and are included in the asking price. The remaining 6 Trucks will be completely paid off before close of escrow. The total value of 15 Trucks is over $1,700,000 as per Owners Balance Sheet of 2020.

The Trucks are maintained in-shop for basic maintenance, (oil change, new tires install, etc.) and Truck wash/detail. Seller is willing to stay on board and work part-time for up to 6 months.

Seller requests NDA and proof of funds before sharing business details.

REAL ESTATE IS ALSO AVAILABLE FOR $1,800,000

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Towing company
License(s) Required: Business
Hours of Operation: 24 hours
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3872
Date Available: 06/04/2021
Reason For Sale:

Financial Information

Annual Total:
$2,200,000
Revenue:
$2,200,000
Annual Net Income:
$2,200,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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