Price

$240,000

Profit

$114,209

Sales

$434,986

Location

Memphis Metro

State

Tennessee

Industry

Other Services (except public administration)

Business Description

Listing#: RL00224

Price: $240,000

Profit: $114,209

Sales Revenue: $434,986

Business Description

This towing business is located in Memphis in an area that is mature with older autos and trucks who frequent this automotive repair giant! The owner has been in business for over 30 years. The nostalgia of the shop creates an atmosphere of the neighborhood trustworthy mechanic. There are three bays, and mechanic work is steady throughout the week. The shop is closed on Saturdays, but with a new owner who opens on Saturday, sales could soar! Towing is 7 days per week and 24 hours a day through dispatch after hours.

Each bay is fully equipped with vehicle lifts and tools. Main services include tires, custom wheels, truck lift/lower/leveling kits, axles, suspension, alignments, front ends, AC repair, belts, brakes, electrical system, check engine lights, & oil changes.

Additionally, the reputation this business has for towing among law enforcement, ALLSTATE and GEICO among others make it ripe for continued growth in the towing market. With 4 tow trucks, the towing part of the business allows for regular EFT deposits aiding in positive cash flow.

Revenue is steady throughout the year. A bump up is seen during tax season.  

The sale includes all tools, equipment, and tow trucks. The owner owns the property the business sits on, and it is not included in the sale. However, the owner is willing to sell it at a fair price. Ask broker for more details.

After 30+ years, the owner is ready to retire. The owner will allow for 4 weeks training.