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Twenty Yr Old Large Volume Towing Co
Location: United States -> Colorado
Industry: Auto Related > Other Auto Related




Business Summary

20 Year Old Large Volume Towing & Recovery Co.
Location: Central Mountains of CO servicing West of both Denver and West of Colorado Springs.

The sales price was just lowered to 1.35M from 1.65M

The earnings for 2016 were just finished and came in at $331,254 on $1,206,478 in revenues.
The earnings for 2015 were 483,958 on revenues of 1.3M. 2016 was down based on them being gone more than normal and the unusually good weather Colorado has had over the last year. If you take a time weighted average over the last 3 years using a standard 3,2,1 weighting divided by 6, you will get a time weighted average of 389K which multiplied by 4 gets you 1.56M in sales price.

The company has approximately 875K in Furniture, Fixtures, Equipment, and Inventory included in the 1.35M price. The company boasts a very up to date fleet of 18 Tow Trucks and Trailers including many purchased in 2015 worth 734,155 of the 875K total.

The owners are husband and wife and are primarily absentee and pay employees to handle the day to day operations. The owners will help in transition and consult longer term.

The owners owns 1 property which is their main facility that they will lease or sell separately. They also have leased locations which offer large, secure, and insured storage areas for recover areas for recovered vehicles.

The company has many long standing and profitable contracts in place that generate recurring revenue. They are also large enough to create a substantial barrier to competition/entry to market for other towing companies along a very active travel area. 300 miles of heavily traveled roads for work and play both summer and winter.

They have 11 very competent mostly long term employees and a great reputation with a long-standing and recurring customer base.

For a Full Sales Package containing a detailed data room and a comprehensive video of the operations and an interview with the owner, contact Jeff Chapman Eisanugle at 3


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,200,000
Cash Flow:   $330,000
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  1997
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  The seller will stay as long as needed
Reason For Selling:  Retiring




Print Listing Id: 700282047
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > Colorado Businesses For Sale > Colorado Franchises For Sale > Colorado Business Brokers



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