Northern California Towing Service Company - SC2134

This Northern California Towing Service Company is a California C-Corporation that has been in business for the past 65 years and under current ownership for the last 37 years. They cover a geographical area of 5,000 square miles, and have 11 tow trucks, 1 service truck and 1 big rig. They have a Tow Service Agreement with California Highway Patrol (CHP), as well as agreement with several insurance companies, including a few major carriers such as AAA. They also participate in the abandoned vehicle abatement program. This business generates slightly over $2M in revenue each year, with Seller Discretionary Earnings ranging from $200,000 to almost $600,000. There is a cash part of the business involving lien sales that generates a significant amount of revenue monthly. At any given time, there are approximately 75 vehicles on the lot being stored at a rate of $70 a day.