60 Year Old Established Heating/Fuel Oil Supplier

Not Disclosed, NJ

Asking Price: Annual Revenue:
Not Disclosed $2,200,000

Wholesale/Distribution: Non-Durable Goods

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RE: 60 Year Old Established Heating/Fuel Oil Supplier Broker: ray barbiere
Owner Financing is Available!
Depends on buyer credit

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,200,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1948
Employees: 5
BBN Listing #: 615022930
Broker Reference #: 071011S

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Business Overview:

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 on site 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. On site 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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Property Features and Assets:

4 Garage bays, five 15,000 above ground storage tanks, 12,000 Gallon UST with 4 pumps, above ground propane storage with refilling, One acre lot size

Market Competition and Expansion:

A few local competitors, however the potential for growth is only limited by marketing and sales. Growth in margins is a function of the bulk purchases at the refinery.

Reason for Selling:

Owner retiring

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.

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