60 Year Established Heating / Fuel Oil Supplier For Sale


Listing ID: 700155838

Listing Title: 60 Year Established Heating / Fuel Oil Supplier For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=155838

Industry: Retail

Industry Segment: Other Retail

Country: United States

State / Province: New Jersey



Asking Price Range: $1.0M - $2.5M

Gross Revenues: $2,200,000

Cash Flow: $300,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1948

Number of Employees: 4 - 5

Business Description:
This 60 year old well established fuel and heating oil distributor provide the full range of services including home oil delivery, home furnace repair and installation, bulk delivery and commercial fuel supply for contractors. An onsite propane bullet provides propane storage for refilling propane tanks. The one acre site is near major highways including interstate and major county roads but is buffered from local traffic. A repeat customer base of 850 accounts provides consistent sales along with word of mouth sales since the company has been in business for over half of century. The bulk storage capacity of 75,000 gallons of petroleum products (Five 15,000 gallon tanks) allows for competitive bulk purchases from the refinery. Propane sales help offset the heating oil sales swing since the propane sales generally peak during summer when the heating oil are at the lowest. Onsite Diesel and Kerosene storage of 12,000 gallons is needed to sell to commercial clients that balance out the residential customer base.

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