This automotive repair and towing company had year-over-year growth for the last three years! Generating over $2M in revenue in 2019, this Ontario-based business provides towing and recovery services for roadside companies, law enforcement agencies, municipal fleets, public vehicles, emergency vehicles, and local individuals. They also provide expert automotive repairs including brakes, steering, engine diagnostics, and heavy truck repairs. The team includes 7 full-time drivers, 5 part-time drivers, an office manager, a dispatcher, a part-time bookkeeper, and a payroll clerk.
Most of their revenue comes from long-term contracts with roadside service companies and referrals from local law enforcement agencies. The largest towing customer operates on negotiated three-year contracts and they have been a loyal customer for over 21 years. Their website and word-of-mouth advertising from loyal and long-standing clientele help them obtain new clients on a regular basis. The current owner commissions for towing jobs and handles high-level management functions.
This business is well-placed to dominate its market, and growth opportunities include increased marketing and opening a new location to expand market coverage.
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