July 3rd -Wed 6PM NY

New Deal Alert! 🚀 
Thriving Towing Company in Northern California

📍 Location: Northern California
💰 Asking Price: To Be Discussed
📊 Revenue: $2.6M (2023)
💼 Net Profit: $560K

🌟 Why This Business is Great

Service: Roadside Assistance and Towing ➡️ Reliable and Efficient ➡️ Loyal Customers

Reputation: Established regional player with 32 years of service. Known for high-quality equipment and stellar performance, especially in law enforcement rotations.

Location: Based in a growing market with increasing vehicle traffic and stricter parking regulations.

Financials: Annual revenue of over $2M for the past three years, with a net profit of $560K and SDE of $1.5M. Assets include $1.7M in equipment, $150K in inventory, and $180K in receivables.

Extras: Several contracts, including an exclusive one averaging over 10 tows per day. Loyal and recurring customers due to excellent service.

Growth Opportunities: The U.S. towing market is ripe for consolidation. Potential to expand the fleet, improve digital presence, and explore new markets. Plans include expanding into CHP rotation for big rigs and building a strong online and social media presence.

Reason for Selling: Owner willing to train the new owner for 4 weeks to ensure a smooth transition. This business is perfect for scaling operations and expanding systems, as it is not owner-operated.

🔍 My Analysis: This towing company offers a solid foundation with established contracts, high-quality equipment, and a loyal customer base. The growth potential is immense, especially with investment in digital marketing and fleet expansion. Understanding the customer retention strategy and team structure will be key to leveraging this opportunity. The existing exclusive contracts and recurring revenue streams make this business a gold mine for the right investor.

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