HAS ANYONE CONSIDERED TOW TRUCK COMPANIES?
I'm looking into this space and a couple things I really like are (1) highly fragmented (2) lots of assets to lend against w/ the trucks (3) more or less recession proof, though with less cars in general on the road during COVID revenues are probably down overall in the industry
Things I don't like are (1) labor issues in this industry (2) working with AAA which drives pricing down (3) insurance and safety concerns.
Has anyone else considered this space? It's too small for traditional search funds, but for solo entrepreneurs and self-funded I have seen a couple opportunities with SDE around $1m and asking around 3-3.5x.