Towing & Storage Business | 345 N 19th Ave
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Towing & Storage Business 345 N 19th Ave
24,608 SF Industrial Building Lemoore, CA 93245 £1,564,900 (£64/SF)
Investment Highlights
- ~$463k owner cashflow (SDE)
- Attractive seller financing terms available
- ~19 employees and in business over 25-years
- Multiple revenue streams (Selling unclaimed cars, rent from recycling tenant, RV storage, etc.)
- ~7k SqFt may easily be converted back to cold storage; prior beer distribution facility
- Recession resistant industry
Executive Summary
The Myers Team is proud to present the exclusive opportunity to purchase a turn-key, highly established towing and storage business in California's Central Valley. Highlights of this offering include:
• AAA Exclusive Contract & on Law Enforcement Rotations | The company is a longstanding partner of AAA and is their go-to tower in multiple territories, and there may be an opportunity to take on more, if buyer is looking for growth. Also on rotation with law enforcement and are the go-to for premium vehicle tows because they are the only ones around with warehouse space for indoor storage.
• Established Sales & Longstanding Employees | The company benefits from a recession-resistant business model and has a steady history of annual sales. Multiple growth opportunities are present for new ownership but the business is a well oiled machine as-is. Ownership takes frequent trips out of town and business runs itself while away.
• Owned Real Estate Included | This business comes with a fantastic piece of real estate! A highly saught after, well-maintained warehouse building. The ~25,000 SqFt building sits on ~2.05 acres and comes equipped with two loading docks. Potential rail access may be possible given close proximity to tracks. The business is also asset-rich, coming with a fleet of trucks valued at roughly ~$900k, limiting the buyers downside.
BUSINESS PRICE: $1,100,000
REAL ESTATE PRICE: $2,000,000
TOTAL PURCHASE PRICE: $3,100,000
*** Seller is willing to finance the deal for a qualified buyer at 5% interest, with a 5-year term and 25-year amortization. Minimum $600,000 down. ***
• AAA Exclusive Contract & on Law Enforcement Rotations | The company is a longstanding partner of AAA and is their go-to tower in multiple territories, and there may be an opportunity to take on more, if buyer is looking for growth. Also on rotation with law enforcement and are the go-to for premium vehicle tows because they are the only ones around with warehouse space for indoor storage.
• Established Sales & Longstanding Employees | The company benefits from a recession-resistant business model and has a steady history of annual sales. Multiple growth opportunities are present for new ownership but the business is a well oiled machine as-is. Ownership takes frequent trips out of town and business runs itself while away.
• Owned Real Estate Included | This business comes with a fantastic piece of real estate! A highly saught after, well-maintained warehouse building. The ~25,000 SqFt building sits on ~2.05 acres and comes equipped with two loading docks. Potential rail access may be possible given close proximity to tracks. The business is also asset-rich, coming with a fleet of trucks valued at roughly ~$900k, limiting the buyers downside.
BUSINESS PRICE: $1,100,000
REAL ESTATE PRICE: $2,000,000
TOTAL PURCHASE PRICE: $3,100,000
*** Seller is willing to finance the deal for a qualified buyer at 5% interest, with a 5-year term and 25-year amortization. Minimum $600,000 down. ***
Data Room Click Here to Access
- Offering Memorandum
Property Facts
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PROPERTY TAXES
| Parcel Number | 023-430-015-000 | Improvements Assessment | £366,910 |
| Land Assessment | £78,624 | Total Assessment | £445,535 |
PROPERTY TAXES
Parcel Number
023-430-015-000
Land Assessment
£78,624
Improvements Assessment
£366,910
Total Assessment
£445,535
zoning
| Zoning Code | ML (Light industrial. This district is designated for manufacturing, warehousing, storage, distribution, etc.) |
| ML (Light industrial. This district is designated for manufacturing, warehousing, storage, distribution, etc.) |
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Towing & Storage Business | 345 N 19th Ave
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