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 1887 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) and Kerosene, Off-Road Dyed Diesel, On-Road Diesel, and bulk motor oil. The company also installs, services, and maintains heating oil units throughout their region with 6 fuel trucks and 3 service vans. The company services 2,000+ heating oil accounts.

The company has a new state-of-the-art Tank Farm. The new tanks provide storage capacity of 85,000 gallons, in addition to the 560,000 gallons Bulk Heating Fuel Oil Tanks. The site is permitted and approved by the town for 2 Propane tanks 30,000 gallons and 18,000 gallons.

Real-estate and Tank Farm cost will be determined by a commercial real-estate appraisal.

Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.

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: 1887

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

Owner Hours Per Week: 45

Employees: 5 FT, 1 PT

Location

Facilities Information:

The company has a new state-of-the-art Tank Farm. The new tanks provide storage capacity of 85,000 gallons, in addition to the 560,000 gallons Bulk Heating Fuel Oil Tanks. The site is permitted and approved by the town for 2 Propane tanks 30,000 gallons and 18,000 gallons.

Real-estate and Tank Farm cost will be determined by a commercial real-estate appraisal.

Summary

Historical Summary:

This business was founded in the late 1887 and has been in continuous operation since that time.