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East Coast Heavy-duty commercial towing and recovery company focusing on heavy duty vehicles both on road and off. Additional company is a shipping, trucking and transport business moving trucks, equipment and other vehicles which cannot be towed. Located in a fast-growing metropolitan area on the East Coast for 21 years.
Price of $11,500,000 includes: 28 Trucks,10 trailers and shop equipment with a current estimated fair market value of $4,714,000.
Location: East Coast of US
Inventory: $125,000 not Included in asking price
Real Estate: 3 locations. One is leased from a 3rd party. The other two are company owned and are available for lease of $17,000/month total or purchase of $4mm for both properties.
Building SF: 3 locations with a total of 12,600 sq ft on 9.3 acres.
Lease Expiration: 3/31/2027
Furniture, Fixtures, & Equipment (FF&E): $4.7mm Included in asking price
Facilities: 3 with updated office spaces, secured lots and rental storage space producing additional monthly income.
Competition: Relatively few in the US provide Heavy-Duty experienced towing. They are the leaders in the state.
Growth & Expansion: Looking to secure additional locations along main Interstate highways.
Support & Training: The current owner is open to a training & transition phase to facilitate a smooth transfer to new ownership. General manager and Controller would like to stay on.
Reason for Selling: Retirement