Towing and Recovery Company – Southwest MI

Own a long-standing towing business with a great history of success and growth. If you enjoy helping people, this business offers a variety of situations where you can help people in need. Whether it is a trucker having a problem or a car stranded on the side of the road. Their customers range from auto owners to companies with fleets of semi-trucks that need help.

With more cars on the road and an aging fleet of vehicles, the towing needs grow every day. This company has 49 major accounts that send work on a regular basis.

Listing ID:

ABB-22085308-90

Location:

Southwest Michigan

Type of Business:

Towing

Asking Price:

$1,250,000

Gross Revenue:

$939,709

Cash Flow:

$447,703

Inventory:

$20,000

FF&E:

$700,000 – Additional Fleet Available – ask for details

Established:

1997

Employees:

3 Full time and 4 IC

Facilities:

Impound lots in 3 counties give it lots of opportunity
Close to major highways

Growth Opportunity:

Add more drivers to be able to accept more jobs
Accept more major accounts
Get on police rotation

Competition:

Few competitors in the market space
Some competitors cannot compete for larger vehicles

Support & Training:

The current owners will provide professional support through a transition period

Reason for Selling:

Owner retirement and family health situation

Broker Contact:

Larry Baumgart – Advanced Business Brokers

Direct: 269-330-6924

Fax: 248-564-5259

Email: Larry@ABB-BusinessBrokers.com

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.