Established Towing Business with Contracts in Michigan
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Financial Details
- Asking Price:
- $2,400,000
- Annual Revenue:
- $1,700,000
- Cash Flow / SDE:
- $630,000
- Valuation Multiple:
- 3.8x
- Location:
- MI, US
- Source:
- Date:
- July 17, 2025
Key Highlights
- Established towing and impound company in Michigan with 50 years of operation.
- Strong contracts with municipalities and law enforcement, generating $1.66M revenue in 2024.
- Well-maintained fleet valued at $1.5M and experienced workforce; owners seeking retirement.
Description
This is a 50-year-old towing and impound services provider in Michigan with strong municipal and law enforcement contracts. The company has a well-maintained fleet valued at $1.5M and experienced workforce. In 2024, the company achieved $1.66M in revenue and $630K in adjusted EBITDA. The owners are seeking a strategic buyer as they prepare for retirement.
Industry Information
- Industry Description:
- Towing Companies
- Classification:
- Transportation & Storage
Listing Details
- Listing ID:
- e28a5624-6bb0-4aa2-aa16-4e287022b5d7
- Deal Status:
- For Sale
- Date Posted:
- July 16, 2025
- Last Updated:
- July 17, 2025
- Currency:
- USD
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