Towing Company For Sale

Business description

This is an extremely profitable business that does mixed use towing. Most business is generated from parking violations and the subsequent towing and impound fees charged to the car owner. The Seller has developed long-term relationships with a
number of business/apartment owners and has a very stable base of business which keeps growing over time. This business is also licensed to do repossession towing. The Seller has cut back recently on the amount of non-consent towing he currently
does, but this is where most of the value of the business resides. The Seller is very involved in the day to day running of this business, but the Buyer could hire a manager and devote less than full time to the business and still have it maintain a high
level of profitabilty. This is a high cash business as all non-consent towing and impound fees must be paid in cash and is therefore more suited to an owner operator.

Other information

Reasons for selling:

Pursue other business interests

Financing available:

Downpayment: $310,000

Furniture / Fixtures value:

$10,000 (included in the asking price)