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Rural Texas Towco (Under contract)

Midland County, TX

Generic image of a heavy, typical for this company
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Asking Price: $8,600,000

Cash Flow: $1,960,000

Gross Revenue: $4,600,000

EBITDA: $1,760,000

FF&E: $3,000,000

Inventory: $20,000

Real Estate: $709,000

Established: 2009

Rural Texas Towco (Under contract)

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Business Description

This towing company is under contract.
This towing company is active in heavy towing and recovery, medium duty, light duty and roadside assistance.

Contracts with highway patrol, sheriff offices and has negotiated profitable deals with travel clubs.

32 pieces of equipment (wreckers, rollbacks, service trucks, heavy trailers, and haul trucks)

Territory is rural. The towing distances are long, so the fees tend to be strong.

Call George for locations and your capabilities. Please understand that confidentiality is vital to the seller, and critical information will be shared with those parties who have genuine interest and financial strength.

Detailed Information

Location:
Midland County, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Several locations, metal warehouses and impound lots where appropriate, simple offices at headquarters
Competition:
There are competitors who are highly skilled. But not the massive volume of towing competition that we see in urban areas.
Growth & Expansion:
The company can grow its territory in all directions. It is a matter of financial strength, commitment to an area, drivers of course, and good management.
Financing:
No seller financing, although seller would like to retain 20% of the company.
Support & Training:
Owner is happy to train, potentially stay on to grow the territory. Drivers are well trained and happy to stay on.
Reason for Selling:
Easing into retirement
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George Metos

Business Listed By:
George Metos

George Metos

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