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Propane Gas - Sales and Installation company - OFF MARKET

Location: Wilmington NC

ID: (#200917)

200917
Price:$650,000
Revenue:$354,000
Cash Flow:$188,000
FF&E (Assets):$104,000
Inventory:$302,000
Real Estate:$0

Overview

This well-established propane gas delivery business supplies propane and cylinders to 14 retail locations, over 950 residential customers and 60 commercial clients in New Hanover, Brunswick, and Pender county. Over 80% of revenue is recurring.

Installation service for new clients is also provided. A Fuel Piping Contractor license is required to provide installations. Please refer to https://nclicensing.org for detailed information and the requirements to obtain such a license.

This is an ideal add-on to an existing buiness such as HVAC, Plumbing or similar, in the service area, as it has to be relocated by the buyer from its current location. All assets required to run this business as well as an inventory of over 2,600 cylinders are included in the sale, one employee will also convey.

Details

Reason for Selling:

Retirement

Established:

1999

Employees:

1

Furniture, Fixtures, and Equipment (FF&E):

The business sale includes a flatbed truck and one dispensing cabinet with a 1000 gallon tank.

Inventory:

Over 2500 cylinders which are owned by the business and leased to customers.

Opportunities for Growth:

This is a small cylinder business. Growing into the larger tank business is an option.

Support and Training

Seller will provide training as required.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486