This profitable fulltime towing company has been operating in the Southwestern Ontario area for almost 20 years. The business has an exclusive territory with the CAA in the area which generates a large portion of its revenue. Other than towing, the business also provides boosting, vehicle lockout assistance, gas delivery, minor on-site repairs and tire changing services among others. It is one of the few towing businesses in the area to be open 24/7 with multiple tow trucks. The business has a reputation for having a quick response time, and providing high quality and friendly service. This industry is not affected by any economic recessions as road side assistance services are a necessity at all times.
New business is acquired through its ties with motor leagues, police calls, various marketing efforts and word of mouth referrals. The business advertises on many online directories including 411.ca, Gold Book and Yellow Pages and in local newspapers. It has the option to grow its revenues and customer base by participating in further online marketing such as AdWords or by creating a Google My Business page.
This towing company employs two full time and seven part time drivers who are all motivated and well-trained. The owner is selling the business as he is plans to pursue other opportunities. The asking price includes all equipment as well as a reasonable negotiated time period for training and transition.
Asking price: $395,000
FF&E (fair market value): $100,000
Working capital (incl.): $10,000
Revenue (2015): $442,000
Seller’s discretionary earnings (2015): $138,000
Year established: 1996
Employees: 2 F/T + 7 P/T
For more information please contact:
Alex Shteriev, MBA, CBI
Beacon Corporation, Brokerage
416-228-1200 ext. 212