71153- Heavy-Duty Towing and Emergency for Commercial Trucking
For Sale in NY
Financial & Assets Details
About the Business
With net profits consistently over 15%, this business specializes in providing heavy duty towing and emergency road services for commercial trucking companies. While the Company’s primary services focus on medium to heavy trucks, it also provides towing and emergency road services for passenger vehicles, contract hauling for heavy equipment, on-site and off-site load shifting, and auto and truck maintenance and repair. The Company operates from its thoroughfare location. Offering these services requires specialized road recovery and transportation equipment, facilities designed to perform mechanical repairs and safe vehicle storage, as well as personnel who are trained and licensed to operate recovery equipment and certified mechanics to repair vehicles. The Company has a long standing relationship with various government agencies and numerous commercial trucking companies and operates mostly within a 50-mile radius of Albany New York. Revenues have been steadily increasing over the past 5 years, with annual growth trends nearly 9%.
Currently, 90% of the Company’s services are utilized for commercial trucking companies, businesses with their own fleet of delivery trucks, and government transportation services; public buses, school buses, emergency vehicles, and even the military for hauling or recovery services. Individuals account for 10% of revenues, this includes passenger car towing and emergency road services and vehicle repair. While this has not been the focus of the Company, according to the owner, an opportunity to expand into this market is available. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired.
Negotiable for the right buyer
The Company operates from a leased thoroughfare location. The site is divided into seven buildings, six are used for vehicle repair and storage, and there are two parking lots which are also used for storage of Company assets and customer vehicles.
Support & Training
The key employees will most likely stay on after the sale, the owner would like to stay for an extended transitioning to be negotiated.