Profitable Petroleum Equipment Repair Firm

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$1,500,000 $1,596,944

Automotive & Boats: Auto & Truck Repair & Service


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RE: Profitable Petroleum Equipment Repair Firm Broker: Russell Cohen

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $1,596,944
Net Profit: Not Disclosed
Cash Flow: $531,061
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 4
BBN Listing #: 13534955
Broker Reference #: 1043-15755

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Business Overview:

Reason for Sale: Retirement- Profitable Petroleum Equipment Repair Business. Essential business during Covid-19. Seller's location has been servicing the petroleum industry for over 40 years in South Florida. Services performed on tankers & trailers welding, fabrication, cargo type inspections, mechanical repairs, trailer repair (brakes & suspension). Complete repair shop for the industry. Experienced welders/mechanics in place. Owner takes care of DOT safety inspection sheet, estimates, CFO services. Owner benefit $500k+ in 2019. Great books and records. Visa qualified.

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Property Features and Assets:

2 Warehouse bays-5,000 square feet+ storage yard. Lease expires 02/28/2023 with 2 - 3 year options. Assets= $130,000

Market Competition and Expansion:

The Company began business in 2014. The existing location has been servicing the industry since 1980. The business started as a welding and trailer repair shop in 1980. The seller took the business over in 2014 and expanded the services to where it is today. Call on new customers in the Miami and Palm Beach petroleum markets. A new owner can open a 2nd location in Miami. There are eight larger sized petroleum clients that have potential to become clients. Business can focus on larger ticket items for example engine repairs.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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