SOLD – Towing Service

Eastern Iowa

Asking Price:

$4,500,000

The total asking price of the business for sale

Cash Flow:

$811,474

Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets. "For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000

Gross Revenue:

$2,920,804

All annual business income (prio calendar year or trailing 12 months ) before any cost-of-sales or expenses have been deducted.

Inventory:

The value of the merchandise, raw materials, and finished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.

EBITDA:

N/A

Earnings Before Interest, Taxes, Depreciation and Amortization 

Rent:

$8500

FF&E:

$3,173,841

Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending in the type of business.

Established:

1983

Business Description

This 40+ year old towing company has provided recovery and towing in Iowa and surrounding states. The company specializes in towing and recovery of large and small Trucks/Semi's along with autos. Because of the great service provided by the company sales have grown year over year, the company has been rewarded with contracts for towing and recovery.

Detailed Information

Location:

Eastern Iowa

Real Estate:

N/A

Building SF:

N/A

Lease Expiration:

5 yr

Employees:

Yes

Facilities:

The facilities are a commercial building with an impound lot. There is plenty of room in the building for all the trucks and equipment for the company. Building are well equipped to be able to do light service on the equipment.

Competition:

The competition has not gotten a foothold in the sellers area because of the reputation and great service of the company. There are several competitors fighting in an area of towing the seller chooses to stay out of.

Growth & Expansion:

The seller has chosen to stay out of certain towing. The seller has the equipment and talent on staff to preform this service. With the addition of this service sales should grow.

Support & Training:

Yes

Reason for Selling:

Owner is retiring from the towing business.

Franchise:

N/A

Business Website:

Yes

Business Location

17770

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's Terms of Use before responding to any ad.

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