Jul 3 in General discussion
Looking to buy or advise on business acquisitions?
Check out this great business I found for sale.
I found a company that’s thriving in a growing industry.
- Market: Roadside Assistance and Towing
- Target: Established regional player
- Plan: Expand and scale
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Here’s the breakdown:
This towing company is part of the booming roadside assistance market, which is growing fast.
They've been serving Northern California for 32 years with 10 tow trucks, including heavy and medium-duty wreckers.
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Interesting part?
They have several contracts, including an exclusive one averaging over 10 tows per day.
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Customers are loyal.
When a towing company does a good job, why switch?
It’s easier to stay with reliable service, especially with law enforcement rotations.
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Customers are recurring.
Towing needs are constant with growing vehicle traffic and stricter parking rules.
Vehicles always need towing. This won’t change.
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Why no national brand takeover?
The industry is operationally intensive and requires expertise.
This company, however, has a stellar reputation and high-quality equipment, making it perfect for expansion.
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Exciting opportunity:
- Revenue over $2M in past 3 years, $2.6M in 2023
- Net Income: $560K
- SDE: $1.5M
- Assets: $1.7M in equipment, $150K inventory, $180K receivables
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Growth potential is fascinating…
The U.S. towing market is ready for consolidation.
With the right investment, this business can expand its fleet, improve digital presence, and explore new areas.
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Here’s the plan:
- Expand into CHP rotation for big rigs
- Build strong online and social media presence
- Use existing exclusive contracts
This business is a gold mine for the right investor.
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Owner willing to train new owner for 4 weeks, ensuring a smooth transition.
Many towing businesses aren’t “sellable” because they are owner-operated.
This acquisition allows you to expand systems and scale operations easily.
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This company has a solid foundation but needs the right vision to scale.
- Stable customer base
- Established contracts
- High-quality equipment
- Loyal employees
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The growth potential is the most exciting part here, how?
Step 1: Acquire the business with its existing contracts and operations.
Step 2: Invest in digital marketing (they do nothing now) expand fleet, and explore new markets.
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With the right strategy, this business can become a dominant player in the towing industry.
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