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Towing Company

Bergen County, New Jersey

Asking Price: Gross: Cash Flow:
$495,000 $400,000 $228,900

Furniture and Fixtures Value:
$150,000 (included in the asking price)

Business Summary:
Wonderful opportunity for a motivated individual to own and operate a very profitable 12 year old Towing Company located in Bergen County that has tremendous potential to grow much larger. Current owner has an excellent towing and roadside assistance contracts with motor clubs, insurance companies and commercial and industrial accounts. In addition, they also pick up junk cars. The business also includes a large yard that can hold 50+ cars. The company has enjoyed solid revenues and profits for many years by providing the finest service on a timely basis. Their drivers/technicians are professionally trained, certified, bonded and insured. The business has a two flat bed and two wreckers valued at over $150,000. A new owner could choose to take the business in a new direction and also do auto and light truck services and repair since there is demand for it in the area. Current owner because of owner’s illness turns down half of calls seeking roadside assistance. This would mean extra revenue and right for new owner. For further information please contact Vito Mastromonaco (Ext. 285) or Gene Reilly (Ext. 293) at 908-851-9040.

 
   
   
Year Business was Established: 2000
   
Number of Employees: 2FT  
   
Facilities / Terms of Lease: Well established Towing Company located in Bergen County that has tremendous potential to grow much larger. Current owner has an excellent towing and roadside assistance contracts with motor clubs, insurance companies and commercial and industrial accounts. In addition, they also pick up junk cars.  
   
Potential Growth/Expansion: Longer hours, develop relationships with auto body businesses  
   
Owner willing to finance: Negotiable max 2 years  
   
Owner willing to train: Two weeks training  
   
Reason for selling: Very sick, must sell  
 

 

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