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Business for Sale Summary

Towing & auto repair - 32146

Business Type: auto repair,auto body/collision repair,auto/truck mechanical repair,seller financing available,passenger transportation / limo/ bus companies
Towing & auto repair
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Financial Information (non-confidential)

General Information
Asking Price $799,000 Down Payment $400,000
Gross Revenues $1,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and 399000 for 5 years @7%

Business Description

Auto towing road service and repair shop with 2 locations. This business has 10 tow, service & hook trucks all late model equipment, two lots which store over 50 cars. Note this company holds multiple NEW YORK State licenses including towing, welding, and inspection for cars and motor cycles. Car dealers license and repair license. This branded company is established for 30 years and is a money maker. One main family member will stay working for at least a year for a fair salary. Very easy to grow company owners only presently work about 30 hours per week. Buyer must also pay off about $300k balance of new truck payments. Paid truck equity and equipment included in sale is over a half million not including the $300 k notes still owed. This business does 80 percent towing 15 percent repairs and a small number of car sales. Please note this company services a very hard to get motor club and has lots of repeat accounts. Seller is also on multiple accident tow lists.Great biz to merge with a auto collision or repair shop business. Call Broker Jim Aloi For More Information.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.