MergerPlace

Extremely Profitable Petroleum

Florida (Broward)


  • Asking Price: $1,500,000
  • Gross Income: $1,596,944
  • Cash Flow: $531,061
  • Real Estate: Not Disclosed
  • Inventory: $110,000
  • FF&E: $20,000
  • Listing ID: #221497
  • Established: 2013
  • Employees: 3 FT / 1 PT

Business Description

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.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 1 PT

Financial Information

Asking Price: $1,500,000
Gross Revenue: $1,596,944
Cash Flow: $531,061
FF&E: $20,000
Inventory: $110,000
Seller Financing Available: No

Property Information

Facilities:

2 Warehouse bays-5,000 sq ft+ storage yard. Lease expires 02/28/2023 with 2 - 3 yr. options.

Growth & expansion opportunities:

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.

Competition:

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.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers