(Under Contract)Fuel Systems Sales & Installation Company in Northeast USA

Price: $5,300,000

Location: Northeast USA

Industry: Non-classifiable Establishments

Listing ID: CM022024

This robust company designs and builds turnkey fuel delivery systems for a wide range of mission-critical applications ranging from airport fuel farms, municipal / government buildings, marine gas docks, military installations, manufacturing facilities, hospitals, schools, construction sites or any installation where safe and environmentally friendly delivery of fuel or chemicals are needed.

The company provides on-site design / build and maintenance services (roughly 50/50) in the United States. Products sales are both US and international.

The company also provides removal and decommissioning of underground and aboveground storage tanks, all in compliance with EPA, state and local regulations.

The company sells storage tanks, pumps, filters, sumps, piping, fuel storage and dispensing equipment of all kinds required to support not only their own installations, but those put in place by others. Their sales are nationwide with some international sales as well. Their parts inventory is extensive and one that customers know they can rely on.

Financials
Purchase Price: $4.233M
Cash Flow: $1.28M
Gross Revenue: $6.8M
Inventory: $265,000
Assets: $500,000 (negotiable)
Real Estate: $1,000,000 (Might be available, incidental to the sale of the business, subject to commercial appraisal)
Payroll: $31,000/month
Employees: 9 FT
Founded: 1993
Reason for Sale: Retirement
Training: The seller will assist with the transition.

Opportunities for Growth: Consider expanding into retail gas station market.

Note: Financials are seller-provided and not audited by Inbar Group, Inc.

Gross Revenue: $6,800,000

Cash Flow: $1,280,000

Inventory: $265,000

Real Estate $1,000,000

Terms & Conditions:

Real estate might be available, incidental to the sale of the business, subject to commercial appraisal.

Reason for Sale:

Retirement

Training & Support:

The seller will assist with the transition.

Year Established: 1993

Non-Owner Payroll: $31,000

Employees: 9 Full time employees

Owner Qualifications:

There are two owners.  #1 functions as a project manager / site supervisor.  #2 does the system design and sales.  The sellers state that either of them should be replaceable at about $100,000 each and that #2 could be someone with good HVAC / plumbing experience.