| I would carefully look at any towing business. It can be a nightmare from an absentee owner standpoint.
Just ask Bill Miller and the stock holders of Miller Industries in Chattanooga TN. They hold a hugh market share of the tow industry, they make holems tow trucks and many other well know brands.
They got the bright idea a few years back to build a nationwide towing company so they bought up a bunch of local tow company across the country. They would buy them and leave the current owners there to run the local company. Problem with that is that towing is a mostly cash business. The old owners would tow a car and someone would pay them cash and it went into their pocket. This almost sent Miller into chapter 11 before they unloaded Roadone.
Point being it is hard to control a cash business if you are not there to keep a close eye on it.
Thanks
Mark |