Heating Oil Dealer - Mid - Coast Maine

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Listing ID: 700361472

Listing Title: Heating Oil Dealer - Mid - Coast Maine

Quick Link: http://www.globalbx.com/listing.asp?bId=361472

Industry: Wholesale and Distribution

Industry Segment: Wholesale and Distribution

Country: United States

State / Province: Maine

Area

City: Mid - Coast

Asking Price Range: $250K - $500K

Gross Revenues: $1,645,594

Cash Flow: $283,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2009

Number of Employees: 4 - 5

Business Description:
This business is SBA Pre-Qualified This is a long-established heating oil dealer serving Mid-Coast Maine with oil deliveries and burner/boiler installation, maintenance and repair services. It's located directly on a major state highway for high visibility and easy access to customers all across the Mid-Coast area. Delivering between 730,000 and 750,000 gallons per year to both residential and commercial customers, this is a solid, profitable business that is poised for growth. 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. The company has never sold propane, which is 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 is constantly turns additional business away due to lack of capacity. Seller states that by recruiting addtional drivers he could nearly double the business.



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