Listing ID: 79509
The foundation of this company, seven years plus in the making, has laid the groundwork to become one of the largest, well respected, and profitable towing and transportation companies in South FL. This is not your average towing company! Known for their professionalism, expert service, as well as the meticulous condition of their towing trucks, this company is truly positioned for success and growth. All that’s missing is a new enthusiastic owner willing to take it to the next level. Will that be you?
- Asking Price: $395,000
- Cash Flow: $210,000
- Gross Revenue: $500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $90,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
3 rented parking spots for the three towing trucks included in the sale price & serving the entire county and surrounding area
This Seller will go above and beyond for the transition of this business to be successful for the future Buyer. They have truly set this business up for the sale and transition.
Shining above the rest, this company is already outcompeting the competition. With an easily recognizable logo, an established successful business model, and developed relationships in the community, this company has everything you need to stand above the competition. In fact, the competition often contacts them for their overflow of work and abundance of clientele.
POISED FOR EXPANSION: There is instant growth waiting for the new owner who is willing to take the extra steps needed to take this company to the next level. Creating an online marketing channel will open new avenues of revenue as all current business comes from consistent clientele and word of mouth referrals. Accessing the online market through social media and the internet would definitely increase business. If a new owner were willing to invest in more tow trucks, business could easily double its return as the demand for this work is already abundant in this company. Another avenue for growth would be extending the hours of operation.
The venture was founded in 2014, making the business 8 years old.
The transaction will include inventory valued at $90,000, which is included in the asking price.
The business has 4 employees and resides in a building with approx. square footage of N/A sq ft.
The real estate is leased by the business for $625.95 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nevertheless, the genuine factor and the one they say to you might be 2 entirely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competition, current decrease in incomes, or an array of other factors. This is why it is very crucial that you not count entirely on a seller's word, yet instead, use the seller's answer along with your overall due diligence. This will paint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Often times, businesses have repeat clients, which develop the core of their daily earnings. Specific elements such as new competition growing up around the location, roadway building, as well as staff turn over can impact repeat consumers and also negatively influence future earnings. One vital point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional mean home earnings impact future income potential?