Manatee County Light Towing Co. With Rotation

Business Opportunity for Sale
Catylist Listing ID: 30267532
Property Subtypes: Auto Related
Building Size (RSF): 900 SF
Sale Price: $395,000
Name of Establishment: Matt's Express Towing
Year Business Established: 1991
Gross Revenue: $500,000 (Annual)
Cash Flow: $84,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Cash to vehicle loans
Last Updated: 5/21/2018

Overview / Comments

Regional vehicle towing company established in 1991 with one towing vehicle operating from shared garage facility and now are five trucks in excellent condition. The company is still operated by its founder. The business is considered a light duty towing operation which provides the basic vehicles services to residential, light commercial customers, such as towing to point to point, to personal property impoundment storage lot, out of gas, key lock-out, tire changes, and jump starts. The company operates twenty-four hours a day and seven days each week.
The company’s customers are several new and used auto dealership customers, municipal city-county owned vehicles, towing contracts at commercial establishments’ parking lots with “No Parking Allowed” posted, active contracted towing rotation cycles with the city police, county sheriff and state police authorities.

The seller has an excellent reputation with his rotation police agencies. This purchase transaction will be contingent upon the buyer's acceptance into the rotation slots. Please speak with the Broker for details.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Industry Segment: Other Auto Related
Reason for Selling: Retirement after transition of business to new owner.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $5,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The tow offices, 900 s/f, plus a storage building, 500 s/f. The buyer will need to relocate to another location a few months after purchasing. The seller is developing the property for RV Storage. Broker offers assistance in locating a properly zoned and favorable geographically solution.
Employee/Labor Description: Drivers are paid by the hook up. Dispatcher is paid by hourly. Bookkeeper paid Hourly part-time.
Mgmt/Training Support Description: The seller will assist a new operator not experienced in Towing. Existing operator can expect seller to help for at least one or two weeks
Competition/Market Description: Market Area is Western Florida Bradenton, Manatee County. Accessible to the Port of Tampa and Port Manatee. Sarasota just fifteen minutes down the road
Growth/Expansion Opportunities: As business expands the logical next step is offer larger weight capacity tow vehicles. Secondly, work on a professionally planned Private Property Impoundment program that is trust worthy and legally -ethical.
Seller Financing Description: Possible to qualified Buyer.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,974 109,194 196,961
Median Age: 38.08 41.09 43.53
Households: 7,695 45,471 82,672

Contact

Photograph of Listing Agent

A. John Richwine CCIM

MarketPoint Advisors CPXNF Member
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