Description of the business for sale
This high-quality and wide-respected company specializes in petroleum and industrial equipment; full-line petroleum marketing equipment distributor, maintenance & installation contractor for service stations, bulk plants & automotive dealerships. The company also offer environmental cleanup services and leak detection equipment. The company covers most of S. Florida and it enjoys a healthy growth in sales and profitability. Financial results for the first 7 months of 2007 already exceed the 2006 profits, and benefits to owner for 2007 are projected to exceed $900,000.
GROWTH: The result of a the EPA tank replacement program was a record year for the company. Current order book exceed $4 millions with no slowdown in sight. The explosive growth is expected to continue beyond 2010 as gas stations will re-fit for alternative fuels. Another growth area is modernization of stations with the latest dispensing equipment and technology to allow them to remain competitive.
COMPETITION: The company is a diversified business operation made of gas station construction including equipment sales, installation and service and environmental services (leak detection and cleanup). The company an authorized distributor for all leading petroleum marketing equipment. The company's high caliber and experienced personnel and management and broad-spectrum of services provide a solid base for continued growth.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Possibly to a qualified buyer
•Inventory: $500,000
•FF&E: $770,000
•Real Estate$2,500,000
REASONS FOR SELLING: Other interests
Support / Training provided by seller
Seller to provide sufficient training for a smooth transition. Seller may stay longer if needed and act as a qualifier contractor.
Description of the facilities
Large industrial/office 1 story building approx. 14,000 sq ft on 1 acre. Property is fenced and has a large paved parking lot. The building contains warehouse, office and service department and it is suitable to serve all current and future customer needs. REAL ESTATE IS NOT INCLUDED BUT IS AVAILABLE FOR LEASE OR PURCHASE.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Possibly to a qualified buyer
•Inventory: $500,000
•FF&E: $770,000
•Real Estate$2,500,000
REASONS FOR SELLING: Other interests