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- Residential Heating Oil CompanyAd id: 145 | Views : 508
- Price : $ 750000
- Date listed : 2010-05-24
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Sales $ 4,777,000 Net: $ 270,000 Home Heating Oil Company:
In Suffolk County Long Island, New York
Highly successful Home Oil Heating company that has been in business for over 25 years. The company is split over 2 separate corporations (one specializes in COD’s which consists of 95% of the companies revenue, the other is a contract type/drop-off service which is only offered to qualified customers.) There are four 3,000 gallon oil trucks (1991, 1993, 1996 and 2002 Interstate) and they are located about five minutes from the terminal. Last year they sold an average of 1.23 million gallons of fuel at an average of $2.32 per gallon, that’s $2,847,000 in gross sales; average profit was approximately $0.35 cents per gallon (that a gross profit of $455,000). This year 1.5M Gallons is the target. company has over 6500 customers. COD deliveries pick up another $70,000 to $75,000 a year in Cash. currently the seller owns the property as well. which is also available(1 acre) for $1.8M.Oil deliveries between Middle Island and Bay shore . 6 employees. Closed Sundays! Current owner does minimal advertising.
Financing Available with HALF DOWN!
Growth can include, but not be limited to; the creation of an aggressive marketing plan and the creation of a sales team that would search for potential clients and accounts. This is a business with unlimited growth potential!
Facilities: 5,000 sq. ft. on 1 Acre. Zoned Light Industrial. 30% is the office. 70% is the garage w/ 22ft high ceiling and two bay doors.
Contact: BROKER - SAL Email: SALT@BRIDGEBROKERS.COM *** Signed Confidentiality Agreement and proof of funds required to see financials of the company and to see the location.
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