Business for Sale

LA Tow Truck Co, AAA approved, High Profit, 40 yrs

BizEx1184-EM

Background

General Location:Los Angeles, CA
Category: Other Travel and Transportation
Automotive
Years in Business:40
Under Present Owner:2
Hours of Operation:Varies
Owner Hours:Part-Time
Training:4 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:Month to Month
Lease Options:
Building Size:3,000
Employees:18
Reason for Sale:Other Opportunities

Financials

Asking Price:$1,895,000
Down Payment:Negotiable
Gross Sales:$1,800,000
Discretionary Cash Flow:$600,000
FF&E:$1,000
Inventory Included?Yes
Inventory:$15,000
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$1,300
Payroll:$40
Financing:SBA

2017 2016 Last 12 Months
Gross Sales $ 1,300,000 $ 600,000 $ 1,700,000
Gross Profit $ $ $
Disc. Earnings $ 500,000 $ 350,000 $ 600,000

Description

Well Established, AAA Approved Tow Truck Business in Los Angeles. 40+ Years, High Profits

Since 1979 this Tow Truck company has been servicing the Los Angeles area. Their AAA contract provides excellent recurring revenue and, with a current fleet of 16 tow trucks, they can cover a wide area.

Services include; towing, battery jumps and sales, emergency gas and tire changes.

Growth Opportunity; since very little marketing is done currently a new owner could increase revenue by increasing the service hours, expanding the coverage area with AAA and also establish relationships with local repair shops and dealerships. 

This is a simple business to own and operate or run it as a semi-absentee owner since there is a very capable Operations Manager currently in place. The current owner will train a buyer how to operate the business upon transfer, but it is recommended a new owner has a basic business background.  

Contact me for more information: Eric Mellem, Business Broker at (310) 293-6414 or emellem@bizex.net. For faster response, please complete the Buyer Registration including a Non-Disclosure Agreement at www.bizex.net.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922




Alex Estrin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 158
Direct: (310) 882-2200 ext 158
Lic#: 01919847