Hot Listing
Large Heavy Duty Towing and Collision Repair company
Business Description
Platform starter for investors
This opportunity represents two companies being sold together: heavy duty towing & recovery, plus a heavy duty collision repair business. These type of companies are beginning to consolidate in North America, and this is the best opportunity I've seen in years of selling towing companies. The owners have demonstrated the ability to successfully expand into several locations. The collision side of the business is synergistic: the commercial towing business drives customers to their collision services, and vice-versa. The owners can get to $10m ebitda on their own. The ideal buyer has the funds to acquire this company for cash and spend that much again annually to build a major network in the central US and Canada to reach $40-50m ebitda. There is a plan for this. Please be prepared to demonstrate your financial strength early in the process. This is a confidential sale, so let's have a high-level strategic discussion initially, and if it makes sense to both parties, we'll send out an NDA via DocuSign and we'll supply the CIM, ebitda calc, etc. and continue the dialog. The ebitda shown below has the appropriate normalizations for owner compensation, fair market rents, etc.
About the Business
- Years in Operation
- 16
- Facilities & Assets
- Headquarters is a modern facility with an abundance of space for inside and outside truck storage and multiple bays for collision repair. There is ample space for truck turn-around and even room for more buildings if ever needed. This is not the typical tight quarters that some operations have. The sellers own all of their significant sites and tend to grow satellite operations carefully, expanding their facilities as cash flow dictates.
- Market Outlook / Competition
- These two companies are dominant in their areas of operation (heavy duty towing, hauling, recovery, light duty municipal, and heavy duty collision). They have hundreds of commercial towing customers, law enforcement contracts and are one of the only independent heavy duty collision repair companies around. They intend to grow both businesses, and there will always be competition, but they tend to be favored by the customers once they move into an area.
- Opportunities for Growth
- They expect to grow their existing satellite operations at a very high rate. Business at the headquarters is mature, yet still growing. There are opportunities to grow in several major population zones, but would like a capital partner to accelerate their expansion. Some of these opportunities are with colleagues within the industry, which tells you that they are respected and liked, although some are not happy that these companies hurt their biz. The sellers have a mature operational core that has demonstrated the ability to manage multiple locations.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 90,000
- Rent
- $75,000.00 per month
About the Sale
- Seller Motivation
- The owners love tow and collision biz, want capital partner for growth
- Transition Support
- Better than training, the owners want to roll equity forward into a partnership with the buyer to grow the network. The core management group is a trio that intend to remain full-time for the foreseeable future. They have deep experience, youth and an aggressive growth attitude on their side.
- Financing Options
- The sellers will roll a % of equity forward.
Listing Info
- ID
- 2377726
- Listing Views
- 2005
Listing ID: 2377726 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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