Listing ID: 76340
This reputable Towing company in beautiful Greeley, Colorado specializes in light to medium tows, lockouts, fuel deliveries, and much more! They are the premier private property parking solution to over 200 apartment complexes, mobile home parks, and malls throughout the area. They control 99% of the area’s private property towing services.
They offer a wide variety of additional services, such as the creation and installation of parking signs and resident parking permit issuance. They are quick to tailor their services to meet the customer’s specific needs. Plus, they are the most trusted company by the local law enforcement agencies and are the go-to authority on the rules and regulations that control the towing industry. They are fully staffed with quality employees and with other revenue streams to pursue, such as roadside towing, there are clear paths for immediate growth!
This business is lender pre-qualified which means you can own a business that cash flows over $500,000 for only $170,000 down! Inquire for more details!
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- Asking Price: $1,350,000
- Cash Flow: $506,796
- Gross Revenue: $729,247
- EBITDA: N/A
- FF&E: $276,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2,400 Square Feet - Free Standing
Yes, 4 weeks
The venture was founded in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nevertheless, the real factor and the one they tell you may be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is really essential that you not depend entirely on a vendor's word, yet rather, utilize the seller's answer together with your general due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, companies have repeat consumers, which create the core of their everyday earnings. Specific aspects such as brand-new competitors sprouting up around the location, roadway building, and also personnel turn over can impact repeat clients and also adversely impact future profits. One crucial point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to develop a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the local median home earnings impact future income prospects?