Discover a cash-flowing opportunity at 227 SW 3rd Avenue with a lucrative and well-established towing and recovery company conveniently located in Nicholas Pine Center. It features two drive-in bays, a fenced-in car lot, and two other lots perfect for additional parking and storage. The towing company currently occupies two bays. Building renovations completed in 2022 after Hurricane Ian include new air conditioning units, instant hot water heaters, drywall and insulation, and a new TPO roof. The sale includes goodwill associated with the business, fixtures, furniture, and equipment, making an easy transition for buyers. Vehicles include a 2007 Ford 650 flatbed, a 2022 Ford 550 4×4 flatbed, a 2019 Ford F 550 4×4 wrecker, a 1999 Ford 550 repo truck, a 2013 14-ton Freightliner, and a forklift. The owner is willing to discuss a transition plan.
Wanted Towing & Recovery services the entire county and beyond, operates 24 hours a day, and has a contract with the City of Cape Coral Police, Lee County Sheriff’s Office, Tesla Roadside, and multiple repair shops and commercial properties. Savvy investors and operators will thrive in this business, with over $300,000 in revenue generated this year as of May 1st and a projected income of $625,000 – $650,000 by the end of the year, up from $579,000 last year. Additionally, 15 commercial properties and the Florida Highway Patrol recently signed a contract expected to generate another $50,000 annually. The business includes over $1.5 million of FF&E.
227 SW 3rd Avenue is located in the densely populated city of Cape Coral, home to over 400,000 residents within a ten-mile radius. Considered a car-dependent area, most errands throughout the city will require a vehicle. The town is within ten miles of I-75 and US Route 41. Cape Coral enjoys over 300 days of sunshine yearly and an average temperature of 85 degrees. Ideally situated on the Southwest Coast of Florida, Cape Coral frequently ranks as a favorite place to operate a business. Southwest Florida is steadily emerging as a significant contributory market due to its low cost of living, absence of state income tax, and streamlined and pro-business regulations, which makes Cape Coral perfectly positioned to drive economic growth in the region.
You can for an additional cost buy the building, land, and business. The building has a total of 6610 sq ft, in which 2 other warehouses are rented for $2200 each, for a total of $4,400.00 plus cam. The total price of the real estate and business is $2,500,000.00. Without purchasing the land, the business only can be purchased for $975,000.00 and the property can be rented for $6,500.00 x month. This includes 2 warehouses, parking spaces, and the impound vehicle lot. This business might be suitable for someone who looking for a business visa.
