Heating Oil Dealer in Northern New England

Price: $2,000,000

Location: Northern New England

Industry: Transportation and Storage

Listing ID: CM061322

This business was founded in the late 1800s and has been in continuous operation since that time.

This is a thriving, turnkey business with a solid reputation in the community.  In fact, it has been voted as the best heating oil dealer in the town for 9 years.

The company primarily sells home heating oil (#2 oil), but also sells dyed diesel (untaxed, off road), un-dyed diesel (taxed, on road), motor oil and kerosene.  The company also services and maintains oil burners throughout their region with 6 fuel trucks and 3 service vans.

The company services 2,300 heating oil accounts with an average delivery of 160 gallons and a profit ranging from $0.50 to over $1.00 per gallon.

The state forced a relocation of their fuel farm but paid the entire $4.5M cost for it.  As a result, there is a new state-of-the-art fuel farm going into place with a storage capacity of 100,000 gallons, so the real estate value will be determined at the completion of the project.

Listing Details

Gross Revenue: $6,000,000

Cash Flow: $599,999

FFE: $300,000

Inventory: $350,000

Reason For Sale:

Retirement

Training & Support:

Seller will assist

Operation

Year Established: 1899

Days & Hours of Operation: Mon-Friday 7:00-3:30, On call 24/7 for burner service.

Owner Hours Per Week: 45

Employees: 5 FT, 1 PT

Location

Facilities Information:

The state forced a relocation of their fuel farm but paid the entire $4.5M cost for it.  As a result, there is a new state-of-the-art fuel farm going into place with a storage capacity of 100,000 gallons, so the real estate value will be determined at the completion of the project.

Summary

Historical Summary:

This business was founded in the late 1800s and has been in continuous operation since that time.