Owner Financing is Available!
Business Overview:
This is an opportunity to acquire one of the few remaining local independent industrial gases distributors in southern New England. The company has a strong, loyal base of over 1,150 cylinder accounts developed over a fifteen year period. Approximately 3,750 cylinders of varying sizes reside at customer locations solidifying long term recurring revenue. The company is centrally located on a state highway and only one mile from the interstate highway. It occupies a 5,550 square feet facility on one acre of land specifically developed for this industry including office space, showroom, warehouse space, loading docks, etc. There is plenty of room for expansion and for the placement of additional bulk tanks. The next expansion has already been approved by zoning. The company serves a diversity of industries which provide stable revenues though various economic cycles. The owner is willing to continue employment for up to one year in order to successfully transfer customer relationships.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business occupies a 5,550 square feet wood frame and block facility on one acre of land specifically developed for this industry including office space, showroom, warehouse space, loading docks, etc. There is plenty of parking, room for expansion and for the placement of additional bulk tanks. The building was expanded one year ago and is currently at 50% capacity. The next expansion has already been approved by zoning. The facility can be leased or purchased.
Market Competition and Expansion:
There is very little independent competition and since Air Gas has purchased ABCO(Association of Business Consulting Organizations), many ABCO customers have moved to this company. The location is ideal for the market it serves.
Growth and Expansion pro and contrariness: While the owner has been very successful in building the business to its current size, he has neither the management experience nor the willingness to make the capital investment necessary to grow the business to the next level even in the face of excess demand. Thus, the company's location, physical plant and other assets are greatly under utilized. Because of its current size, the company is also unable to take advantage of the economies of scale available to its larger competitors.
The next owner will likely install more bulk tanks and fill its own cylinders. This will cut the cost of the gases, save the transportation expense of bringing cylinders back and forth to suppliers and save on the number of cylinders necessary to conduct business.
Reason for Selling:
Seller is burnt out and intends to pursue another
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.