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Listing 16414

Business Type: Towing, Auto Body Shop
Location: Travis County
Asking Price: $325,000
Gross Sales: $1,140,878
Net Income: $190,994
3 Years Average Cash Flow: $122,238
Down Payment: $200,000
Status: In Escrow
Score: 67%
ROI: 59%
Details: A gem of a business if you are looking for an Auto related business. Since taking over 3 years ago, the current owner has turned this into a stable and established business. It has 4 streams of revenue: 1. Auto Body Work: Insurance and local retail work, and ongoing work agreement with 3 local car rental companies. 2. Towing (3 trucks). On rotation with the County and City P.D. 3. Impound Storage fees accrued daily. 4. Vehicle Sales: Auction sales of impounded vehicles. Even as the sales and profits are rapidly climbing, there is still more room for growth by getting on the rotation list with other Police departments in adjacent cities. 2016 YTD September 2016 has netted around $150k and is on pace to net over $200k with sales of around $1.2 million. The owner has invested back into the business consistently that has had positive results making this a lucrative business moving forward. Almost 5,800 sq. ft. space of work area at a low rent of $4,500 with ample of parking, there is room to grow. Seller is retiring and looking for an accomplished and experienced operator to take this business to the next level. Training for transition will be provided. All-Cash, qualified Buyers preferred.
Agent: Sunil Z. Verma contact at 512-800-7085

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