Heating Oil & Fuel Company -Mid Coast Maine

Price: $495,000

Location: Mid-Coast Maine

Industry: Service Businesses

Listing ID: CM06152021

This family owned and operated heating oil/fuel dealer delivers 730,000 – 750,000 gallons to both residential and commercial customers in Mid-Coast Maine since 2009.

Services Include:

  • Oil deliveries to over 30 local cities and towns
  • Maintenance and repair services on oil heating systems
  • Replacement/Installation of heating systems

This is a strong, successful business that is poised for growth.

Listing Details

Cash Flow: $283,000

EBITDA: $283,000

FFE: $75,000 (Included in Price)

Inventory: $25,000

Terms and Conditions?:

Inventory - Heating Oil: None/ Just in Time Purchase
Inventory - Heating Service: $25,000 not included in purchase price.

Reason For Sale:

Retirement

Operation

Year Established: 2009

Days & Hours of Operation: 24/7

Employees: 4FT, 1PT

Location

Monthly Rent: 1500

Facilities Information:

Real Estate is available for purchase based on appraisal. Estimate $300,000
The business is located in a converted house. It's possible to convert the second floor into living quarters. The seller stores no oil on site, eliminating EPA worries over spills and leaks and reducing the cost of carrying inventory. There are two outbuildings used for storage of repair parts.

Summary

Owner Qualifications:

Licenses: CDL with Hazmat Endorsement, Burner Technician

Potential Growth:

The company has never sold propane, which is a major heating fuel source in Maine. Add propane sales for an additional revenue stream. Another local dealer stated that his business is 80% propane, 20% oil. Seller constantly turns additional business away due lack of capacity. Seller states that by recruiting additional drivers he could nearly double the business.