$2,500,000
Auto Towing
- Status: Pending
- Price: $2,800,000
Manjot Gill
- License No:
- DRE #01771534
- Email:
- manjot@lbaweb.com
- Office:
- 925-361-5429
- Mobile:
- (408) 242-9137
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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