Specialty Petroleum Equipment Company

Southeast

COMPANY OVERVIEW

Family owned and operated for almost 30-years. The company specializes in petroleum and industrial equipment design, maintenance, installation for convenience stores, Marinas, and any business that is involved with gas &/or oil dispensing systems. The business features…..
* well-established, since 1987
* team of trained/certified technicians
* stable revenue w/ great cash flow
* sale incl. inventory & equipment valued at 175K+
* certified for above & under-ground tank installation/removal

Excellent opportunity to own a very profitable, well-established, turnkey business and live on the beautiful gulf coast.

GENERAL INFORMATION

Year Established:
1987
Facilities:

The facilities are located on the owners personal residence and is not included in the sale.

MARKET OUTLOOK

Competition:

This firm is the oldest & most established in the market area. As in all businesses there are other competitor’s.

Growth Expansion:

Currently they have more business than they can handle. The owners are wishing to retire and therefore have not attempted to expand to accommodate these business demands. An owner with new energy can easily increase revenue & cash flow.

ABOUT THE SALE

Financing:

This business has been pre-approved by national SBA lender. And, seller will provide some financing.

Training:

The seller will provide 4-weeks of training to ensure a seamless transition.

Reason for Selling:

The owner wishes to retire after over 35-years in the business

FINANCIAL SUMMARY

Asking Prince:
$395,000
Revenue:
$590,000
Cash Flow:
$179,300 (avg. last 2- FY)
Real Estate:
N/A
FF and E:
$89,600 (incl. in sale)
Inventory:
$85,826 (incl. in sale)