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- RE: Petroleum Distributor
- Contact: Edward Fitzgerald
Quick Facts
| Asking Price: | $7,000,000 | |
| Annual Revenue: | $9,800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,425,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1929 | |
| Employees: | 9 | |
| BBN Listing #: | 936839 | |
| Broker Reference #: | S-3039 |
Business Overview:
The Company is a wholesaler and retailer of petroleum, gasoline, and various lubricants, with a large onsite fueling facility and its in-house fleet of delivery vehicles. It decades of business and steadfast reputation have made it a mainstay to it loyal longer-term clients.
The Company maintains an extensive inventory of heating fuels, highway and offroad fuel and gasoline, and various lubricant products for commercial and consumer applications. Products from industry leading, well-recognized brands are stocked alongside a line of private label lubricants that the Company began marketing about three years ago.
The customer base is comprised of a variety of industries that operate in the Carolinas. The technical expertise of its professional staff and its customer first approach have fostered long-term relationships with their clientele. The main industries currently serviced include graders, loggers, apple growers, farmers and other agricultural service providers, construction companies, equestrian centers, and retailers who resell to various end users.
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Property Features and Assets:
11,000 square feet Office space and storage facility located in NC.
Market Competition and Expansion:
Competition: Being in business for over 90 years the Company has placed itself as a service providing leader in its market, with decades of customer relationships. With its strong reputation and established infrastructure, the Company has earned its customers’ loyalty and business.
Growth & Expansion: The Company has found itself in high demand from its existing clients and is currently being sought after by new clients in various industries and in different states. It is also pursuing and expansion in products, offering its own brand of lubricants.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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