Summary

Status: Active
Region: Sold
Category: Service Provider
Description:

Towing company that is well-established, semi-passively engaged, well managed based in the mid-island is a valuable opportunity for someone that is looking for a semi-retirement investment that allows them freedom to enjoy semi-retirement, as well as an opportunity to be engaged in part time work. Alternatively, the person that prefers to be fully engaged can also take charge and work full time to retain even more of the gross revenue. This business has built a solid reputation as being knowledgeable, reliable, and efficient providers of emergency roadside towing, hauling, recovery, storage, and transportation services. The most lucrative part of the revenue comes from government agencies, which includes being the primary supplier to local government, and commercial agencies, a relationship that is crucial in a small business like this one. There is lots of opportunity for expansion servicing the private business sector is transport of construction equipment, or for the individual that needs equipment, hot tub, or anything else that would benefit from the use of a flat deck for moving. Established in 1987, this company has been providing high quality towing services, 24 hours a day, seven days a week. Potential buyers do not need a specified skill set as training to operate a vehicle is not complex. A solid business person that like to get their hands dirty once in a while would really excel at this opportunity. Thanks to their glowing reputation within their community, this business will continue to benefit from its recession-proof nature, and its stable and constant need for the service that it provides. The 5 year weighted SDE is $134,459. Historical SDE is $132,230 - 2016; $133,481 - 2015; $148,314 - 2014; $128,023 - 2013; $125,890 – 2012. Asking price for this share sale is $345,000 including FF&E and goodwill.
For more information on this and other business opportunities, call 250-751-7917 or email mjn@bcbusinessbroker.ca or nanaimo@sunbeltnetwork.com

Broker: Michael Naprawa
Listing ID: VANISBC091
City/Town: Vancouver Island

Financials

Asking Price: $360,000
Revenue: $310,000
Net Cash Flow: $134,000 (SDE)

Property

Real Estate Available: No
Rent: $6,000

Operations

Franchise: No
Homebased: No
Relocatable: Yes
Full-Time Employees: 1
Part-Time Employees: 2
Trading Hours: 24/7
Reason for Sale: Retirement